94- 457 C.M.R. ch. 204, § 4
Any loan disapproved for loan insurance shall be automatically disapproved for the Program, and any loan approved for loan insurance shall be automatically approved for the Program unless the Chief Executive Officer shall prepare a written rejection briefly describing the proposed project, any significant communications between the Lender and the Chief Executive Officer, an evaluation of the application and the reasons for the disapproval. There shall be appended to the rejection portions of the application any written communications concerning the project which are deemed significant by the Chief Executive Officer. The members may, consistent with the Freedom of Access Act, 1 M.R.S.A. §401 and following, and the Act, review the application in executive session.
94- 457 C.M.R. ch. 204, § 4