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12-35
12.35 AGREEMENT -- LOAN APPLICATIONS.
1. An eligible lending institution that desires to receive a
linked investment shall enter into an agreement with the treasurer of
state, which shall include requirements necessary for the eligible
lending institution to comply with sections 12.32 and 12.34, this
section, and sections 12.36 through 12.43.
2. An eligible lending institution that desires to receive a
linked investment shall accept and review applications for loans from
eligible borrowers.
3. The eligible lending institution shall forward to the
treasurer of state a linked investment loan package in the form and
manner as prescribed by the treasurer of state. The package shall
include information required by the treasurer of state, including but
not limited to the amount of the loan requested and the purpose of
the loan. The institution shall certify that the applicant is an
eligible borrower. Section History: Recent Form
86 Acts, ch 1096, § 5; 89 Acts, ch 234, § 5; 96 Acts, ch 1058, §4;
2001 Acts, ch 24, §3; 2006 Acts, ch 1165, §4
Referred to in § 12.31, 12.32, 12.34, 12.36, 12.43
