Section R. 390.1628 - Loan; information and documentation; written credit denialRule 8.
(1) The authority shall obtain the required information and documentation from the applicant and from the school and shall assess borrower eligibility.(2) If an applicant does not qualify for a loan, the authority shall issue a written credit denial within 30 days of the date that all materials were available for assessment.Mich. Admin. Code R. 390.1628