Ill. Admin. Code tit. 14 § 900.145

Current through Register Vol. 48, No. 52, December 27, 2024

Section 900.145 - Responsibilities of Financial Intermediaries

Each financial intermediary shall be responsible for:

a) Receiving on-loan applications from eligible exporters and making on-loan credit judgments;

b) Arranging for, and perfecting a security interest in, necessary collateral;

c) Disbursing and monitoring on-loans;

d) Collecting repayments of on-loans; and

e) Remitting payments to the Authority pursuant to the provisions of the guaranteed participating loan, the Act, and this Part.

Ill. Admin. Code tit. 14, § 900.145