3 AAC 99.855 - Collateral
(a) A loan must be secured by collateral
acceptable to the department, such as a mortgage or other security instrument
in real property, equipment, buildings or other tangible assets.
(b) The department shall not approve a loan
that exceeds the value of the collateral used to secure the loan.
Notes
Authority:AS 44.88.600
AS 44.88.610
AS 44.88.620
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