Sec. 19. When the corporation receives a loan enrollment form, the corporation shall enroll the loan if the information provided under section 18 of this chapter indicates that the loan is an eligible loan. Within five (5) business days after receipt of a loan enrollment form for an eligible loan, the corporation shall deliver to the lender an acknowledgment of enrollment signed by the corporation or the corporation's designee, including documentation of the amount being transferred by the corporation into the reserve fund under this chapter.
As added by P.L.162-2007, SEC.24.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 29. Capital Access Program
5-28-29-2. "Amount"; "Proceeds"
5-28-29-4. "Capital Access Account"
5-28-29-10. "Passive Real Estate Ownership"
5-28-29-13. Establishment; Purpose
5-28-29-15. Lender Eligibility
5-28-29-18. Loan Enrollment; Lender Actions
5-28-29-19. Loan Enrollment; Corporation Actions
5-28-29-20. Loan Enrollment; Partial Coverage Under the Program
5-28-29-22. Effect of Zero Balances; Effect of Recovery Under the Bankruptcy Laws
5-28-29-23. Creation of Reserve Fund Accounts
5-28-29-24. Sufficient Funds Required
5-28-29-26. Reserve Fund; Corporation Control
5-28-29-27. Reserve Fund; Corporation Pledges
5-28-29-28. Reserve Fund; Transaction Reports; Records
5-28-29-30. Claims; Processing
5-28-29-31. Claims; Subsequent Lender Recovery
5-28-29-32. Claims; Subrogation