Section 15.152.050. Loan term.

Latest version.

The Corporation will establish the maximum period for repayment of loans under 15 AAC 152.010 - 15 AAC 152.100. The maximum periods will not exceed the following:  
		(1) for a building materials loan, the lesser of:  
			(A) the remaining economic life of the housing structure, as determined by the Corporation; or  
			(B) 15 years.  
		(2) for a loan other than a loan described in paragraph (1) of this section, the lesser of (A) the remaining economic life of the housing structure, as determined by the Corporation or (B) 30 years.

Authorities

18.56.088;18.56.400;18.56.440

Notes

Reference

15 AAC 152.230

Authority
 AS 18.56.088  
AS 18.56.400  
AS 18.56.440(2)  
History Eff. 5/7/93, Register 130

                    
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