Prior to the approval of any direct loan under the RLF, the Loan Administrator must develop and obtain the Commissioner's approval for the RLF's organization table, including:
(a)
The structure and composition of the Board of Directors of the RLF;
(b)
The staffing requirements for the RLF, with position descriptions and necessary personnel qualifications;
(c)
The appointments to the advisory loan review committee; and
(d)
The roles and responsibilities of the Board, staff and loan review committee.