Alabama Statutes
§ 41-14-53 — Applications for Loans; Linked Deposit Package
Alabama·Title 41 State Government·Ch. 14 State Funds Generally·Art. 3 Linked Deposit Program of 2007
(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.
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Legislative History
(Act 2007-397, p. 790, §1.)