3 AAC 79.081 - Closing an assumption

An assumption agreement will be considered by the department to be closed when

(1) all required signatures have been obtained and the assumption agreement has been properly recorded;

(2) all requirements of the loan committee have been met; and

(3) the borrower is in compliance with all provisions of the loan documents, including insurance requirements, and this chapter.

Notes

3 AAC 79.081

Eff. 8/10/97, Register 143

Acting under AS 01.05.031, the revisor of statutes renumbered former AS 45.89.030 as AS 45.88.120; former AS 45.89.070 as AS 45.88.150. As of Register 203 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6) to 3 AAC 79.081 to reflect the statutory renumbering.

Authority:AS 45.88.120

AS 45.88.150