Section 15-321-14 - Applications for loans; processing(a) Upon receipt of an application for a loan, staff shall time stamp the same as received and review the application for completeness and compliance with applicable rules under this chapter.(b) If an application is incomplete, the applicant will be notified in writing and given ten business days to remedy any problems or deficiencies in the application. If the problem or deficiency remains unresolved after the ten-day period, staff shall send a loan denial letter to the applicant stating the reasons for denial.(c) If the proposed project does not meet the affordability and eligible use requirements set forth in this chapter, staff shall send a loan denial letter to the applicant stating the reasons for denial.(d) During the project evaluation process, staff may request additional information from the applicant to further inform the evaluation process, even if the application was complete when submitted. In each instance where additional information is requested, the applicant shall be given ten business days to respond, which shall be separate from and in addition to the period provided by subsection (b).[Eff 11/27/2023] (Auth: §§ 201H-4, HRS 201H-206) (Imp: HRS § 201H-206)