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  • Applicant Credit Committee President: Treasurer/Secretary

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    Syzian Exonyry
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    The document outlines the loan approval process involving an applicant, credit committee, president, and treasurer/secretary. The applicant fills out a loan application and submits it to the secretary to begin review. The credit committee reviews the application and checks the applicant's loan history. If it's the applicant's first loan or over 50% of an outstanding balance is paid, the committee approves the loan. Otherwise, the application is sent to the president for approval. If approved by the appropriate party, the treasurer signs off and the secretary prepares the loan disbursement.

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    Original Title

    Process of Loan

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    The document outlines the loan approval process involving an applicant, credit committee, president, and treasurer/secretary. The applicant fills out a loan application and submits it to the secretary to begin review. The credit committee reviews the application and checks the applicant's loan history. If it's the applicant's first loan or over 50% of an outstanding balance is paid, the committee approves the loan. Otherwise, the application is sent to the president for approval. If approved by the appropriate party, the treasurer signs off and the secretary prepares the loan disbursement.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    7 views1 page

    Applicant Credit Committee President: Treasurer/Secretary

    Uploaded by

    Syzian Exonyry
    The document outlines the loan approval process involving an applicant, credit committee, president, and treasurer/secretary. The applicant fills out a loan application and submits it to the secretary to begin review. The credit committee reviews the application and checks the applicant's loan history. If it's the applicant's first loan or over 50% of an outstanding balance is paid, the committee approves the loan. Otherwise, the application is sent to the president for approval. If approved by the appropriate party, the treasurer signs off and the secretary prepares the loan disbursement.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Applicant Credit Committee President Treasurer/Secretary

    Get an
    Review and Evaluate and
    application form
    Check the loan Approve the loan
    and fill it up

    Signed
    by the
    First Appro treasur
    Give to the Yes Yes
    Time ved er? Yes
    secretary to
    to have and
    begin the
    No loan? signed? No
    process

    No
    Route to the
    treasurer for
    50% of
    Route to the signature
    outstand
    Yes president for
    ing
    signature
    balance
    paid?

    Loan will be Loan will be


    No disapproved disapproved
    Secretary
    Get the loan to
    prepare voucher
    COOP
    for withdrawal

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