Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 3. Commerce, Community, and Economic Development. |
Part 3.1. Banking, Securities, Small Loans and Corporations. |
Chapter 3.161. Bulk Fuel Revolving Loan Fund. |
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