Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 3. Commerce, Community, and Economic Development. |
Part 3.1. Banking, Securities, Small Loans and Corporations. |
Chapter 3.02. Banking. |
Article 3.02.2. Banking Practices. |
Section 3.02.122. Lending standards.
Latest version.
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A bank may not make a loan unless the bank has determined and documented, in the loan file, the type, amount, purpose, and repayment provisions of the loan and an analysis of the credit worthiness of the borrower.
Authorities
06.05.005;06.05.207