R357-44-105. Lender Eligibility

(1) To be eligible for participation in the USBCI Capital Access Program, a lender shall: (a) qualify under federal guidelines; (b) demonstrate total losses to their portfolio under 10% over the last 12 months; and (c) demonstrate a reasonable expectation that they will be a responsible steward of public funds and follow both federal and state rules and regulations. (2) To be eligible for participation in the USBCI Loan Participation Program, a financial institution must: (a) be a CDFI or revolving loan fund; (b) demonstrate total losses to their portfolio of under 10% over the last 12 months; and (c) demonstrate a reasonable expectation that they will be a responsible steward of public funds; and (d) follow both federal and state rules and regulations.