§500.208. Issuance of the Guarantee. — Inbound Citations

(c) Upon completion of the evaluation of the application and as soon as possible after the due date, the Board will approve or deny all eligible applications timely received under this Program. The Board shall notify all Applicants in writing of the approval or denial of the Guarantee applications as soon as possible. Approvals for loan Guarantees shall be conditioned upon compliance with § 500.208.

(1) The Guarantee fee required by § 500.208(d) shall not have been paid;