(a) An eligible lending institution shall accept and review applications for linked deposit loans from eligible borrowers. The lending institution shall apply all usual lending standards to determine the credit worthiness of eligible borrowers.
(b) The eligible lending institution shall forward to the Treasurer a linked deposit package, in the form and manner prescribed by the Treasurer.
Structure Code of Alabama
Chapter 14 - State Funds Generally.
Article 3 - Linked Deposit Program of 2007.
Section 41-14-50 - Short Title; Legislative Intent.
Section 41-14-51 - Definitions.
Section 41-14-52 - Creation and Administration of Program.
Section 41-14-53 - Applications for Loans; Linked Deposit Package.
Section 41-14-54 - Terms of Linked Deposits.
Section 41-14-55 - Loan Rates.
Section 41-14-56 - Liability of State and Treasurer ; Delays in Payments.