(a) After the Commission recommends an application, the loan application package, containing all items described in Section 5(c) above, shall be forwarded to the Office for a review of the applicant's credit worthiness. The package shall include a certification from the Commission stating its recommendation of the applicant's loan request. All items contained in Sections 6 through 8 of these rules shall be recorded and noted in the certification.
(b) If the applicant is found to be credit worthy, the Board will consider the application at its next regularly scheduled meeting.
(c) Upon approval of the Board, the Office shall execute the necessary loan documents. The Board shall perfect this loan in the county where the asset is located.
060-36 Wyo. Code R. § 36-12