The Secretary, within sixty days after June 30, 1980, shall establish and implement procedures providing for a final decision on any loan guarantee application within four months of the date of filing. To the maximum extent practical, an applicant should be advised (prior to the submission of the application) of all information which will be required of the applicant in processing the application; and the date of filing shall be considered to be the date when all of such information has been submitted by the applicant. Any application proposed and filed as of June 30, 1980, shall be subject to final decision within not more than four months after such date.
(Pub. L. 93–410, title II, §206, as added Pub. L. 96–294, title VI, §641(3), June 30, 1980, 94 Stat. 769.)
Sections: Previous 1125 1126 1141 1142 1143 1144 1145 1146 1147 1161 1162 1163 1164 1201 1202 Next
Last modified: October 26, 2015