Section 15.151.220. Duty in armed forces.

	(a)  A person is a qualified veteran for purposes of the veterans' mortgage program if the person satisfies the requirements of (b) of this section and if the person has served on full-time duty, other than for training, in the United States Army, Navy, Marine Corps, Air Force, or Coast Guard or in a reserve component of the United States Army, Navy, Marine Corps, Air Force, or Coast Guard.  
	(b)  In addition to the requirements of (a) of this section, a person is a qualified veteran for purposes of the state guaranteed veterans' home mortgage program if the person:  
		(1) was not discharged from active duty more than 25 years prior to the date of closing;  
		(2) if retired, discharged, or released from the duty described in (a) of this section, separation must have been under conditions other than dishonorable; and  
		(3) if not retired, discharged, or released from the duty described in (a) of this section:  
			(A) has completed his or her initial period of duty; and  
			(B) would have been entitled to a discharge or release under conditions other than dishonorable at the end of his or her initial period of duty.  

Authorities

18.56.088;18.56.098

Notes

Reference

15 AAC 151.215
15 AAC 151.225
15 AAC 151.230
15 AAC 151.235
15 AAC 151.240
15 AAC 151.245
15 AAC 151.250

Authority

AS 18.56.088 AS 18.56.098

History

Eff. 5/7/93, Register 130; am 8/9/2006, Register 179