Ill. Admin. Code tit. 14, § 900.139 – Review of Denial of Guaranteed Participating Loans | Midpage
§ 900.139
Ill. Admin. Code tit. 14, § 900.139
Review of Denial of Guaranteed Participating Loans
AUTHORITY: Implementing and authorized by the Export Development Act of 1983 (Ill. Rev. Stat. 1985, ch. 127, pars. 2501 et seq.)ILLINOIS EXPORT DEVELOPMENT AUTHORITY
a) Where a guaranteed participating loan has been denied, the financial intermediary may petition the Board to review such denial. Such petition will be reviewed by the Board at one of the Board's next two regularly scheduled meetings.
b) The petition must be delivered by the financial intermediary to the Authority within 15 business days of the date of the notice of denial.
c) The Board's decision on the petition shall be based upon Section 900.115.