N.J. Admin. Code § 7:1A-2.7

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:1A-2.7 - Department approval/disapproval

(a) After a full review and evaluation of an application, the Department shall take one of the following actions:

1. Approve for priority ranking, if applicable, and possible loan;

2. Disapprove the application;

3. Approve for immediate funding, if available.

(b) The applicant shall be promptly notified in writing of any disapproval. A disapproval of an application shall not preclude its reconsideration or resubmittal if resubmitted by the applicant.

N.J. Admin. Code § 7:1A-2.7

As amended, R.1983 d.534, effective 11/21/1983.
See: 15 New Jersey Register 1307(a), 15 New Jersey Register 1940(a).
(b): "approval" notification deleted: next application "year" changed to "period if resubmitted ...".
As amended, R.1984 d.232, effective 6/18/1984.
See: 16 New Jersey Register 631(a), 16 New Jersey Register 1479(a).
"Department approval/disapproval" was formerly codified at N.J.A.C. 7:1A-2.8.
(a)1: "if applicable" added.
(a)3 added.
Amended by R.1992 d.252, effective 6/15/1992.
See: 24 New Jersey Register 707(a), 24 New Jersey Register 2245(a).
Department substituted for Division.