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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 3.87. Mining Loans. |
Section 3.87.081. Closing an assumption.
Latest version.
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An assumption agreement will be considered by the department to be closed when (1) all required signatures have been obtained and the assumption agreement has been properly recorded; (2) all requirements of the loan committee have been met; and (3) the borrower is in compliance with all provisions of the loan documents, including insurance requirements and this chapter.