Code of Maine Rules
94 - INDEPENDENT AGENCIES
457 - FINANCE AUTHORITY OF MAINE (FAME)
Chapter 326 - COMPLIANCE ASSISTANCE LOAN PROGRAM
Section 457-326-8 - Commitment
Universal Citation: 94 ME Code Rules ยง 457-326-8
Current through 2024-38, September 18, 2024
A. Upon approval of a loanapplication by the Chief Executive Officer, a commitment will be issued setting forth the terms and conditions upon which the loan will be extended.
B. In the event the Chief Executive Officer rejects any application, the Chief Executive Officer will promptly send the applicant notice containing reasons for the rejection. The notice shall include a statement of the applicant's right to appeal the Chief Executive Officer's decision to the members.
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