Section 20.15.750. Loan deferment.  


Latest version.
  • 	(a)  Except where otherwise specified in AS 14.43.170 - 14.43.175 and 20 AAC 15.700 - 20 AAC 15.795, a borrower may defer payments after the beginning of the repayment period in accordance with the conditions set out in 20 AAC 15.965.  
    	(b)  Repealed 12/31/2005.  
    	(c)  Repealed 12/31/2005.  
    	(d)  A deferment that is subject to a maximum term limit will be considered to have been exhausted when used for the maximum period of time for one or more loans awarded to a borrower.  
    	(e)  A borrower who has received a deferment shall immediately notify the commission when the condition under which the deferment was granted no longer exists.  
    	(f)  An endorser may not obtain a deferment.  
    

Authorities

14.42.030;14.43.171;14.43.175

Notes


Authority
AS 14.42.030 AS 14.43.171 AS 14.43.175
History
Eff. 7/1/2002, Register 162; am 12/31/2005, Register 176