Section 3 AAC 78.015 - Examination(a) A loan officer shall evaluate and process the materials described in 3 AAC 78.010. 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 these evaluations, the loan officer shall 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.Eff. 9/11/85, Register 95; am 8/10/97, Register 143; am 9/7/2012, Register 203