Financing Companies

1. Applicant presents SL documents to LU OD.

(In some cases, the SL documents are not ready, with the applicant not knowing that the Purpose being applied for requires SL; LU OD gives applicant CORs)

2. LU OD takes SL documents to LU AD for assignment; AD assigns to LU SC/SS.

(Applications presented to the EB should be assigned to SC; LU has no SC since 2014, so these are now assigned to the LU SS)

3. LU SC/SS evaluates 4 sets of SL documents vis-à-vis COR.

(If with deficiencies, LU SC/SS retains the originals and returns 3 copies to applicant, with the COR citing deficiencies.)

(Per experience, it takes time for applicant to fully comply with the requirements.)

4. LU AD reviews application with LU SC/SS.

(If still with deficiencies, applicant is given another COR citing the deficiencies; application is returned to applicant for compliance.)

5. LU AD prepares the Memo to EB, with LU SC/SS.

(The LU SC should be the one preparing the Memo to EB, since LU has no SC, the AD has to, prepare it with the LU SC/SS.)

9. Upon receipt of SL documents from CFRD, LU SC/SS re-evaluates the SL documents.

(If with deficiencies (e.g., documents evaluated different from what was received by CFRD; missing documents), applicant is called for conference, given another COR citing the deficiencies; SL documents are returned to the applicant for compliance.)

12. EB deliberates on/approves application.

(In case of any finding, the Memo and SL documents are returned to CRMD for appropriate action)