1. (a) Except as provided in (b) of this section, the Corporation will not make, participate in the making of, purchase, or participate in the purchase of a loan for a residential building, the construction of which begins after December 31, 1991, unless the building complies with the building energy efficiency standard adopted by the Corporation in 15 AAC 155.010.
2. (b) The Corporation will make, participate in the making of, purchase, or participate in the purchase of a loan for a residential building the construction of which began after December 31, 1991, that does not comply with 15 AAC 155.010 only if the loan applicant agrees, in writing, to bring the building into compliance with 15 AAC 155.010 within one year of the date of the loan. The Corporation will, in its discretion, require the applicant to agree to any other terms it considers necessary to assure compliance with this section or to protect its investment in the loan.
3. (c) A residential building meets the energy efficiency standard for purposes of this section if it is in compliance with the energy efficiency standards as determined by any of the methods set forth by the Corporation under 15 AAC 155.030.
4. (d) Repealed 1/31/2018.

(Eff. 5/7/93, Register 130; am 1/3/18, Register 226)