Section 15.155.610. Loan terms.

Latest version.

	(a)  The term of a loan under 15 AAC 155.600 shall be determined by the corporation taking into consideration the cost of funds and the source of repayment as further delineated in guidelines.  
	(b)  A loan under 15 AAC 155.600 shall bear interest at the rate established by the Corporation. The Corporation shall establish the interest rate for a loan based on factors the Corporation considers relevant, including the source of the money to the Corporation to provide funding for the loan, the length of the commitment period, and other considerations.  
	(c)  A loan under 15 AAC 155.600 will not be subject to a maximum loan amount.  
	(d)  A loan under 15 AAC 155.600 will not be subject to a maximum loan to value.

Authorities

18.56.088;18.56.090;18.56.855

Notes

Authority
 AS 18.56.088  
AS 18.56.090  
AS 18.56.855  
Editor's note: Even though the adoption of 15 AAC 155.610 was effective 7/14/2010, it was not published until Register 204, January 2013.  
History Eff. 7/14/2010, Register 204; am 5/14/2014, Register 212

References

15.155.610

                    
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