Section 11.39.630. Straight amortization.

Latest version.

The board will use straight amortization on a restructured loan, unless the board determines on its own motion or based upon a request of the borrower that there is good cause for use of another amortization method. If the borrower wishes to request the use of another method, a borrower shall apply to the board to request that another method be used and provide reasons for the need to use another method.

Authorities

03.09.040;03.10.020;03.10.030;03.10.033

Notes

Authority
 AS 03.09.040  
AS 03.10.020  
AS 03.10.030  
AS 03.10.033  
History Eff. 10/23/88, Register 108; am 6/1/2001, Register 158

                    
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