1. An eligible lending institution that desires to receive a linked investment shall enter into an agreement with the treasurer of state, which shall include requirements necessary for the eligible lending institution to comply with sections 12.32 through 12.34, this section, and sections 12.36 through 12.43B.
2. An eligible lending institution that desires to receive a linked investment shall accept and review applications for loans from eligible borrowers.
3. The eligible lending institution shall forward to the treasurer of state a linked investment loan package in the form and manner as prescribed by the treasurer of state. The package shall include information required by the treasurer of state, including but not limited to the amount of the loan requested and the purpose of the loan. The institution shall certify that the applicant is an eligible borrower.
86 Acts, ch 1096, § 5; 89 Acts, ch 234, § 5; 96 Acts, ch 1058, §4; 2001 Acts, ch 24, §3
Referred to in § 12.31, 12.32, 12.34, 12.36, 12.40, 12.43A
Previous Section 12.34
Next Section 12.36
© 2002 Cornell College and League of Women Voters of Iowa
Comments about this site or page?
webmaster@legis.iowa.gov.
Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Thu Jan 24 10:51:05 CST 2002
URL: /DOCS/IACODE/2001SUPPLEMENT/12/35.html
jhf