HAR §15-155-10. Final loan approval, execution and repayment

(a) Following completion of the final Removal Action Report and the Removal Action Decision Memo, the applicant will update the loan application to include the selected remedy and any other new information. (b) The Business Loan Officer will review the updated loan application and will prepare an updated credit memorandum to be forwarded to OP for final BCRLF Loan Committee approval. (c) The applicant will be sent a BCRLF Loan Agreement for completion and signature and a list of any closing documents to be provided by the applicant. The department and the applicant will then execute the loan and the applicant shall commence repayment of the loan in accordance with the terms and conditions of the loan agreement. (Auth: SLH 2002, Act 173)