Cal. Code Regs. tit. 14, § 17935.55 – Process for Loan Committee Review.

(a) The Loan Committee shall meet monthly or as needed.
(b) The Loan Committee shall evaluate the staff analysis of loan requests presented by Board staff pursuant to the Review Process of section 17935.4 of this Article.
(c) The Loan Committee shall recommend applications for approval based only on their financial soundness and their ability to meet the underwriting criteria as described in Section 17935.4(a) of this Article.
(d) The Loan Committee may advise the Board as requested on other aspects of the loan program.

Note: Authority cited: Section 40502, Public Resources Code. Reference: Section 42023.4, Public Resources Code.

1. New section filed 4-8-98; operative 5-8-98 (Register 98, No. 15).

2. Amendment of Note filed 10-18-2005; operative 11-17-2005 (Register 2005, No. 42).