060-36 Wyo. Code R. § 36-12 - State Loan and Investment Board Actions
(a) After the
Commission recommends an application, the loan application package, containing
all items described in Section
5(c) above, shall be
forwarded to the Office for a review of the applicant's credit worthiness. The
package shall include a certification from the Commission stating its
recommendation of the applicant's loan request. All items contained in Sections
6 through
8 of these rules shall be recorded and
noted in the certification.
(b) If
the applicant is found to be credit worthy, the Board will consider the
application at its next regularly scheduled meeting.
(c) Upon approval of the Board, the Office
shall execute the necessary loan documents. The Board shall perfect this loan
in the county where the asset is located.
Notes
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