Prior to the approval of any direct loan under the RLF, the Loan Administrator must develop and obtain the Commissioner's approval for the RLF's organization table, including:
- (a) The structure and composition of the Board of Directors of the RLF;
- (b) The staffing requirements for the RLF, with position descriptions and necessary personnel qualifications;
- (c) The appointments to the advisory loan review committee; and
- (d) The roles and responsibilities of the Board, staff and loan review committee.