Section 3.161.110. Default.  


Latest version.
  • The division may consider a borrower to be in default on a loan made under AS 42.45.250 - 42.45.299 if the borrower  
    		(1) violates a provision of AS 42.45.250 - 42.45.299, this chapter, or the loan documents; or  
    		(2) fails to make a necessary payment during the 30-day period after the date that the payment is due; or  
    		(3) fails to maintain any insurance that the division requires as a condition for the loan.  
    

Authorities

42.45.250;42.45.260;42.45.270

Notes


Authority
AS 42.45.250 AS 42.45.260 AS 42.45.270
History
Eff. 3/8/2013, Register 205