(3)__Loan applications must be reviewed by the Drive ME Wheels-to-work review board to determine if the applicant is creditworthy within the scope of this program and whether adequate collateral is required and, if necessary, offered to secure the loan.

(4)__A majority vote of the Drive ME Wheels-to-work review board is necessary to approve a loan in accordance with the policies adopted by the commissioner. The decision of the loan board is final.

(5)__Loan applications must be on forms and accompanied by additional information required under rules adopted by the commissioner. Loan applicants may be required to submit personal or business-related financial information considered necessary to determine eligibility for the program.

(6)__The community action agency must provide the commissioner with an annual report detailing the loan fund activity in the form and containing the information required by the contract between the agency and the commissioner.

(7)__The community action agency must allow the commissioner or an agent of the commissioner to perform an audit of the loan fund and the administration of the program at the times and in the manner provided in the contract between the agency and the commissioner.

(8)__The community action agency must provide loan recipients training in credit management, budgeting, driving safety and car seat safety.

(9)__The community action agency must, to the maximum extent feasible, contract or arrange for the in-kind donation of technical and counseling services to assist program loan applicants.

§3833.__Loan criteria and procedures