The board will use straight amortization on a restructured loan, unless the board determines on its own motion or based upon a request of the borrower that there is good cause for use of another amortization method. If the borrower wishes to request the use of another method, a borrower shall apply to the board to request that another method be used and provide reasons for the need to use another method.

(Eff. 10/23/88, Register 108; am 6/1/2001, Register 158)

Authority: AS 03.09.040, AS 03.10.020, AS 03.10.030, AS 03.10.033