Section 390.1628. Loan; information and documentation; written credit denial.

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(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.

History: 1990 AACS; 1995 AACS.

                    
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