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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.80. Commercial Fishing Loans. |
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Article 3.80.2. Community Quota Entity Revolving Loan Fund. |
Section 3.80.255. Modifications.
Latest version.
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(a) A request for a modification to a loan made under AS 16.10.310(a)(1)(E) and 3 AAC 80.200 - 3 AAC 80.265 will be processed in the same manner as an application for a loan. The department will require the applicant to file one or more of the items specified in 3 AAC 80.200 if information on those items has changed since they were previously filed, or if the department needs additional information not appearing in the previously filed items in order to review the request for modification. (b) A loan committee may permit a loan modification only if the security of the state and the state's investment is preserved.