Cal. Code Regs. tit. 25 § 7012

Current through Register 2024 Notice Reg. No. 49, December 6, 2024

Section 7012 - Processing Applications

(a) Requests for loans must be made to the Department on its Predevelopment Loan Fund Application Form. Applications may be obtained from the Program Manager of the Predevelopment Loan Funds at P.O. Box 952054, MS 390-5, Sacramento, CA 94252-2054.

(b) Applications for loan funds will be reviewed by the Predevelopment Loan staff of the Department.

(c) Completed applications will be submitted for approval or disapproval to the Department.

(d) Applicants will be notified in writing of the Department's action, including any conditions which the Director has placed on the loan. If the loan is rejected, the written notice will include the reasons for the rejection.

(e) Reconsideration Procedure.

(1) Applicants whose loan applications have not been approved by the Director may submit a request for reconsideration by writing to the Director.

(2) The Director will review all requests for reconsideration and inform the Applicant in writing of the decision.

(3) The decisions of the Director shall be final.

Cal. Code Regs. Tit. 25, § 7012

1. Amendment filed 1-5-82; effective thirtieth day thereafter (Register 82, No. 2).
2. Renumbering and amendment of former Section 7012 to new Section 7014, and renumbering and amendment of former Section 7010 to Section 7012 filed 8-13-85; effective thirtieth day thereafter (Register 85, No. 33).
3. Amendment of section and NOTE filed 9-19-2003; operative 10-19-2003 (Register 2003, No. 38).
4. Amendment of subsections (a) and (c), repealer of subsections (d) and (g) and subsection relettering filed 11-1-2004; operative 12-1-2004 (Register 2004, No. 45).

Note: Authority cited: Sections 50402 and 50406, Health and Safety Code. Reference: Sections 50530 and 50532, Health and Safety Code.

1. Amendment filed 1-5-82; effective thirtieth day thereafter (Register 82, No. 2).
2. Renumbering and amendment of former Section 7012 to new Section 7014, and renumbering and amendment of former Section 7010 to Section 7012 filed 8-13-85; effective thirtieth day thereafter (Register 85, No. 33).
3. Amendment of section and Notefiled 9-19-2003; operative 10-19-2003 (Register 2003, No. 38).
4. Amendment of subsections (a) and (c), repealer of subsections (d) and (g) and subsection relettering filed 11-1-2004; operative 12-1-2004 (Register 2004, No. 45).