(a) An employee seeking a grant of a secured loan under this chapter shall submit to the County Administrator or his/her designee, in such manner as the County Administrator or his/her designee shall prescribe, a completed application made under oath for grant of a secured loan. Such application shall be submitted no later than 60 days before closing and shall include, but is not limited to, the following:
(1) The employee's name;
(2) The name of the applicant's current employer;
(3) A description of any real estate owned by the applicant;
(4) The address of the employee's current residence;
(5) The identity of all persons who will be members of the applicant's household after purchase;
(6) The identity of the dwelling the applicant intends to purchase and its assessed value;
(7) The applicant's prospective ownership interest in the dwelling the applicant intends to purchase;
(8) The identity of other financing applied for or approved to purchase the dwelling identified in subparagraph (6) above;
(9) Such other information as the County Administrator or his/her designee deems consistent with the purposes of this chapter.
(b) The County Administrator or his/her designee shall act on a fully completed application as set forth below within 10 working days of receiving the application.
(Ord. 09-13. Passed 7-21-09.)