Nev. Admin. Code § 408.Sec. 10

Current through November 8, 2024

Section 408.Sec. 10 - NEW

For each application for a loan or other financial assistance submitted to the Bank, the staff of the Bank shall prepare a report containing the analysis of the staff developed in accordance with sections 6 to 9, inclusive, as applicable, including, without limitation, the credit analysis, and make a recommendation to the Board of Directors regarding:

1. Whether to approve or reject the application and, if the recommendation is to reject the application, the reason for the recommendation.

2. The amount of the loan or financial assistance to offer to the applicant, if the application is approved.

3. The terms and conditions to be included in the financing agreement between the Bank and the applicant, if the application is approved.

Nev. Admin. Code § 408.Sec. 10

Added to NAC by Dep't of Transportation by R017-22A, eff. 4/19/2022

NRS 408.55071