Section 3.102.150. Assumption.

Latest version.

	(a)  A request for permission to assume the obligations and benefits of a loan made under this chapter will be processed in the same manner as a loan application.  
	(b)  A loan committee may permit an assumption only if the borrower is a good financial risk and the security of the loan fund is preserved or improved.

Authorities

44.88.085;44.88.770

Notes

Authority
 AS 44.88.085  
AS 44.88.770  
Editor's note: Even though 3 AAC 102.150 was adopted and effective 3/29/2013, it was not published until Register 207, October 2013.  
History Eff. 3/29/2013, Register 207

References

3.102.150

                    
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