Section 3.12.390. Loan file.  


Latest version.
  • A separate file must be maintained for each loan in the office of the licensee. The file must contain the note, the security agreement, the disclosure and acknowledgement required in 3 AAC 12.145, the financing statement, the termination statement, and all other evidence of indebtedness, security, or the release of indebtedness that pertains to the loan, except if the note or any court documents are kept in a separate file or if the papers are in the custody of a court or an agent for collection. If a borrower is also a comaker or guarantor on another loan, the file of the borrower must be cross-referenced to the comade or guaranteed loan file.  
    

Authorities

06.20.160;06.20.180;06.20.240;06.20.280;06.20.340

Notes


Authority
AS 06.20.160 AS 06.20.180 AS 06.20.240 AS 06.20.280 AS 06.20.340
History
Eff. 6/30/77, Register 62; am 10/16/2003, Register 168