NAC701.680. Review of applications; denial.

     1. The Director will review each application submitted pursuant to NAC 701.675 for completeness. An application that is incomplete will be returned to the applicant and may be resubmitted. The Director will deny an application if the Director determines that:

     (a) The project or applicant does not meet the eligibility requirements set forth in NAC 701.670;

     (b) The project is not feasible;

     (c) The applicant is unable to provide necessary collateral to secure the loan;

     (d) The applicant lacks the technical, managerial or financial capability to carry out the project and repay the loan; or

     (e) The applicant is unable or unwilling to comply with the requirements, terms or conditions of the loan or the loan approval process.

     2. If the Director denies an application, the Director will provide written notice to the applicant of the denial of the application and the reason for the denial.

     (Added to NAC by Office of Energy by R161-09, eff. 6-30-2010; A by R063-11, 2-15-2012)