(a) The following
information is not confidential and is available for public inspection upon
request:
(1) a document that is already a
public record, including a deed of trust, financing statement, limited entry
permit, quota share, warranty deed, bill of sale, mortgage, lien, vehicle
title, or vessel documentation;
(2)
general information regarding loans, including the original loan amount, loan
terms, personal guarantees, and disbursement and repayment schedules;
(3) insurance matters, including title
insurance policies and correspondence with insurance companies or borrowers
regarding losses, accident reports, and nonpayment of premiums; and
(4) foreclosure and default
proceedings.
(b) The
following information is confidential and is not subject to public disclosure:
(1) personal and financial information,
including income tax returns, financial statements, business income statements,
pro forma profit and loss statements, credit information obtained from banks
and other creditors, reports from consumer reporting agencies, cannery
statements, and commercial fishing pink slips (fish tickets);
(2) loan committee memoranda and minutes
containing information relating to creditworthiness of an applicant;
and
(3) the payment history on a
loan, unless the loan is in default.
(c) Information not described in (a) or (b)
of this section may be subject to public disclosure. Requests for disclosure
must be made, and will be determined, in accordance with 2 AAC 96. Upon receipt
of a request for disclosure, the department will notify the loan applicant and
other persons with a privacy interest in the request, to permit them to present
reasons why the requested information should not be disclosed.
