Section 5-21-9

The Treasurer shall establish procedures and other requirements for participation in the plan, and shall provide simplified rules and loan application forms to the participating lending institutions for linked deposit loans. The forms shall reflect the specific requests for information required by this chapter for eligible agricultural and business loans, respectively. Upon completion of any application for a loan pursuant to the plan, the lender shall send the application to the Treasurer who shall either approve or reject the application in a timely manner. If approved, the Treasurer shall deposit funds with the lender when the proceeds are loaned and the deposits shall be secured in accordance with Section 41-14-35.

(Acts 1988, No. 88-162, p. 256, &amp;sect;9; Acts 1993, No. 93-351, p. 540, &amp;sect;1; Acts 1995, No. 95-257, p. 430, &amp;sect;1; Act 99-659, 2nd Sp. Sess,, &amp;sect;1.)

Section 5-21-9

Participation in plan; application.

(Acts 1988, No. 88-162, p. 256, &amp;amp;sect;9; Acts 1993, No. 93-351, p. 540, &amp;amp;sect;1; Acts 1995, No. 95-257, p. 430, &amp;amp;sect;1; Act 99-659, 2nd Sp. Sess,, &amp;amp;sect;1.)

(Acts 1988, No. 88-162, p. 256, &sect;9; Acts 1993, No. 93-351, p. 540, &sect;1; Acts 1995, No. 95-257, p. 430, &sect;1; Act 99-659, 2nd Sp. Sess,, &sect;1.)