Section 20.15.186. Effect of consolidation on eligible loans.

Latest version.

	(a)  A promissory note for an eligible loan becomes void on the date it is paid in full and the consolidation loan is originated.  
	(b)  As soon as is practicable following a consolidated loan origination, the commission staff will return to the borrower the cancelled promissory notes for each eligible loan that is included in the consolidation loan.

Authorities

14.42.030;14.43.122

Notes

Authority
 AS 14.42.030  
AS 14.43.122  
History Eff. 3/19/2003, Register 166; am 7/31/2003, Register 167

                    
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