68c.7—How are applicants selected to participate in the CIR-LRP?

To be selected for participation in the CIR-LRP, applicants must satisfy the following requirements:
(a) Applicants must meet the eligibility requirements specified in § 68c.3 and § 68c.4.
(b) Applicants must not be ineligible for participation as specified in § 68c.5.
(c) Applicants must propose repayment of a loan that meets the requirements of § 68c.9.
(d) Applicants must be selected for approval by the CIR-LRP Panel based upon a review of their applications.