§ 7-609. Applications; Board review of applications

Latest version.

(a) Applications. -- To apply for a guarantee of a loan or a subsidy of loan interest, an applicant shall submit to the Board an application on the form that the Secretary provides.

(b) Board review of applications. -- The Board shall review the applications for guarantees of loans and subsidies of loan interest and approve or deny them based on information provided to or obtained by the Board.

HISTORY: An. Code 1957, art. 41, § 14-905(c), 14-911(a); 2007, ch. 3, § 2; 2008, ch. 62.

                    
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