Section 3.74.050. Disbursement of loan money.

Latest version.

Loan money will be disbursed when  
		(1) the state has perfected a security interest in the collateral;  
		(2) requirements of the department as specified by the loan committee have been met; and  
		(3) the borrower is in compliance with provisions of the loan documents, AS 44.33.950 - 44.33.990, and this chapter.

Authorities

44.33.955;44.33.965

Notes

Authority
 AS 44.33.955  
AS 44.33.965  
History Eff. 11/3/2012, Register 204

                    
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