Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 10 - Economic Development
Chapter 75 - Capstone Avionics Loans
3 AAC 75.015 - Examination
Universal Citation: 3 AK Admin Code 3 AAC 75.015
Current through February 27, 2024
(a) A loan officer shall evaluate and process the materials described in 3 AAC 75.010. The loan officer shall evaluate the applicant's eligibility, financial and credit history, financial statement, ability to repay, and proposed collateral.
(b) On the basis of the evaluation, the loan officer shall either
(1) inactivate the
application due to
(A) lack of information
required under
3
AAC 75.010;
(B) ineligibility of the applicant;
or
(C) failure by the aircraft to
meet the eligibility requirements under
3
AAC 75.025; or
(2) recommend proposed action on the loan
request to the appropriate loan committee; however, the recommendation of a
loan officer is not binding on a loan committee.
Authority:AS 44.33.660
AS 44.33.665
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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