3 AAC 75.065 - Modifications
(a) A request for a modification to a loan
made under
AS
44.33.650-44.33.690 and this chapter will be
processed in the same manner as a loan application. The department will require
the applicant to file one or more of the items specified in
3
AAC 75.010 if information on those items has changed
since they were previously filed, or if the department needs additional
information not appearing in the previously filed items in order to review the
request for modification.
(b) A
loan committee may permit a loan modification only if the security of the state
and its investment is preserved.
Notes
Authority:AS 44.33.660
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