Section 3.03.170. Alternative mortgage instruments.

Latest version.

A credit union may, with the prior approval of the department, make, purchase, and participate in alternative mortgage instruments if the legal rate of interest charged by the credit union is less than or equal to the maximum rate allowed by AS 06.01  or AS 06.45.

Authorities

06.45.010;06.45.060

Notes

Authority
 AS 06.45.010  
AS 06.45.060(5)  
History Eff. 1/21/81, Register 77

                    
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