- (a) The materials described in 3 AAC 80.010 will be processed and evaluated by a loan officer. The loan officer will evaluate the applicant's eligibility, financial and credit history, operating plan, ability to repay, and proposed collateral.
- (b) On the basis of the evaluation, the loan officer will either inactivate the application, due to lack of information required under 3 AAC 80.010 or ineligibility of the applicant, or recommend proposed action on the loan request to the appropriate loan committee. However, the recommendation of a loan officer is not binding on a loan committee.
(Eff. 9/11/85, Register 95; am 3/16/95, Register 133)
Authority: AS 16.10.310, AS 16.10.339