"Loan" means a sum of money lent at interest or for a fee or other charge and includes both open-end and closed-end loan transactions. Free template for an LLC member resolution.Editable document you can use to formally record member resolutions for your limited liability company. The board resolution is a formal document used to track details of an organization's specific decision including who voted, and their role. The process begins when you notify SBA to reclassify a loan into liquidation status. This final rule implementing the resolution planning requirements of section 165(d) of the DoddFrank Wall Street Reform and Consumer Protection Act. "State"shall mean the state of Washington.