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What is the deadline for making loans supported by loan loss reserves? What is the deadline for committing loan loss reserve funds to support individual loans or portfolios of loans?

April 26, 2017COMMITTING Deadline funds loan Loans loss Reserve reserves supported

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What is the deadline for making loans supported by loan loss reserves? What is the deadline for committing loan loss reserve funds to support individual loans or portfolios of loans?

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Loans supported by a loan loss reserve must be disbursed to borrowers by the expiration date specified in the terms and conditions of the grant. Moreover, loan loss reserve funds must be committed to support individual loans or portfolios of loans by the expiration date specified in the terms and conditions of the grant.