Section 457-311-5 - Criteria and ConsiderationsA. No application will be approved unless the chief executive officer determines that the borrower is eligible, including a determination that the loan proceeds will be put to an appropriate use.B. No application will be approved unless the chief executive officer determines that the application is complete and that information sufficient to make an informed decision on the application has been received.94- 457 C.M.R. ch. 311, § 5