Ill. Admin. Code tit. 14, § 900.145 – Responsibilities of Financial Intermediaries | Midpage
§ 900.145
Ill. Admin. Code tit. 14, § 900.145
Responsibilities of Financial Intermediaries
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) Receiving on-loan applications from eligible exporters and making on-loan credit judgments;
b) Arranging for, and perfecting a security interest in, necessary collateral;
c) Disbursing and monitoring on-loans;
d) Collecting repayments of on-loans; and
e) Remitting payments to the Authority pursuant to the provisions of the guaranteed participating loan, the Act, and this Part.
Each financial intermediary shall be responsible for: