Section 900.145  Responsibilities of Financial Intermediaries

Each financial intermediary shall be responsible for:  

a)         Receiving on-loan applications from eligible exporters and making on-loan credit judgments;

b)         Arranging for, and perfecting a security interest in, necessary collateral;

c)         Disbursing and monitoring on-loans;

d)         Collecting repayments of on-loans; and

e)         Remitting payments to the Authority pursuant to the provisions of the guaranteed participating loan, the Act, and this Part.