Section 11.39.161. Chattel loans.

Latest version.

	(a)  The amount of a chattel loan may not exceed 75 percent of the value of the collateral accepted to secure the loan, minus the value of any lien on the collateral.  
	(b)  The amount of a chattel loan may not exceed 100 percent of the actual agricultural chattel costs.

Authorities

03.09.040;03.10.020;03.10.030;03.10.050

Notes

Authority
 AS 03.09.040  
AS 03.10.020  
AS 03.10.030  
AS 03.10.050  
History Eff. 12/1/84, Register 92; am 6/1/2001, Register 158

                    
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