- (a) The materials described in 3 AAC 99.830 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 described in (a) of this section, the loan officer will request additional information required under 3 AAC 99.830, notify applicant that applicant is ineligible for a loan, or recommend a proposed action on the loan request to the appropriate loan committee. The recommendation of a loan officer is not binding on a loan committee.
(Eff. 2/8/2001, Register 158)
Authority: AS 44.88.600, AS 44.88.610, AS 44.88.620