1. (a) The preferred lender will submit, at a minimum, the following, with each loan request submitted for participation in the program(s):

   1. (1) the eligibility checklist for the respective program;
   2. (2) the signed notification for the Texas Public Information Act;
   3. (3) a copy of the lender's loan application;
   4. (4) a copy of the lender's loan narrative;
   5. (5) historical financial statements and/or tax returns for the last three years of the proposed borrower, if available;
   6. (6) the borrower's balance sheet, which could be the year end statement and an interim statement, less than 90 days old;
   7. (7) the borrower's cash flow budget for the period of the projected financing, as approved by the lender;
   8. (8) a copy of the borrower's credit bureau report;
   9. (9) a plan for servicing the loan;
   10. (10) a statement of any potential conflict of interest of the borrower with any employee of the Texas Department of Agriculture or the board of the Texas Agricultural Finance Authority; and
   11. (11) any other information that could be applicable to approving or denying the loan request under the program.
2. (b) In addition to the minimum requirements, the preferred lender will perform at least the same level of evaluation and documentation for the commitment that the preferred lender would perform for loans not in the program.

Source Note:The provisions of this §28.85 adopted to be effective July 8, 2001, 26 TexReg 4998; transferred effective October 1, 2007, as published in the Texas Register September 28, 2007, 32 TexReg 6793.