3 AAC 80.370 - Modifications
(a) A request for a modification to a loan
made under
AS
16.10.801-16.10.890 and
3
AAC 80.310 -
3
AAC 80.380 will be processed in the same manner as an
application for a loan. The department will require the applicant to file one
or more of the items specified in
3
AAC 80.310 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 the state's investment is preserved.
Notes
Authority:AS 16.10.805
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