Section 3.06.120. Alternative mortgage instruments.

Latest version.

A bank may make, purchase, and participate in alternative mortgage instruments if the legal rate of interest charged by the bank complies with the provisions of AS 45.45.010(b) and 12 C.F.R. 545.6 - 1, 2, as amended January 1, 1979, and July 1, 1979.

Authorities

06.01.020;06.05.075;06.15.010;06.15.250;06.15.360

Notes

Authority
 AS 06.01.020  
AS 06.05.075  
AS 06.15.010  
AS 06.15.250  
AS 06.15.360  
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History Eff. 12/30/79, Register 72

                    
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