Illinois Administrative Code
Title 14 - COMMERCE
Part 900 - PROGRAMS
Subpart B - PROGRAMS
Section 900.145 - Responsibilities of Financial Intermediaries
Universal Citation: 14 IL Admin Code ยง 900.145
Current through Register Vol. 48, No. 38, September 20, 2024
Each financial intermediary shall be responsible for:
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.
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