3 AAC 102.150 - Assumption
(a) A request for permission to assume the
obligations and benefits of a loan made under this chapter will be processed in
the same manner as a loan application.
(b) A loan committee may permit an assumption
only if the borrower is a good financial risk and the security of the loan fund
is preserved or improved.
Notes
Even though 3 AAC 102.150 was adopted and effective 3/29/2013, it was not published until Register 207, October 2013.
Authority:AS 44.88.085
AS 44.88.770
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