- (a) The application and accompanying materials 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 information provided, the loan officer will either request additional information required under 3 AAC 102.030, notify the applicant that the applicant is ineligible for a guarantee or loan, or recommend a proposed action on the guarantee or loan request to the appropriate loan committee. The recommendation of a loan officer is not binding on a loan committee.
(Eff. 3/29/2013, Register 207)
Authority: AS 44.88.085, AS 44.88.720, AS 44.88.730, AS 44.88.770