Section 3 AAC 80.415 - Examination(a) A loan officer will process and evaluate the material described in 3 AAC 80.410. The loan officer will evaluate the applicant's eligibility, corporate management, financial and credit history, operating plan, experience, ability to repay, and proposed collateral.(b) On the basis of the evaluation, the loan officer will(1) inactivate an application if (A) the application does not contain information required under 3 AAC 80.410; or(B) the applicant is ineligible for the loan for which the applicant applied; or(2) recommend proposed action on the applicant's loan application to the appropriate loan committee; a loan officer's recommendation is not binding on a loan committee.Eff. 10/16/2012, Register 204; am 7/24/2024, Register 251, October 2024