Examples of Loan Approval in a sentence
If financing is being obtained, the appraisal must be completed before the expiration of the Loan Approval Period (as defined below).
If Buyer is unable to obtain a commitment for the Loan(s) within the Loan Approval Period, either Buyer or Seller may cancel this Contract upon written notice to the other party.
Exceptions shall require unanimous support by the Loan Approval Committee of the C-RLF or RLFA and justification shall be provided in the Financial Review Memo.
If the applicant is not eligible, the Loan Approval Official will deny the application.
DISBURSEMENTSAny disbursement from a C-RLF or RLFA to a business must be approved in writing (Loan Approval letter) by the State’s CDBG Loan Program Specialist in advance of the disbursement.