(a) The Corporation will enter into a commitment agreement to make, participate in the making, purchase, or participate in the purchase of loans under 15 AAC 155.600. The maximum commitment period shall be 12 months.
(b) The Corporation will charge the following loan commitment fees at the time of loan closing by the borrower: the first $1,000,000.50 percent the next $4,000,000.375 percent the next $10,000,000.25 percent the next $15,000,000.125 percent
(c) The Corporation may permit an extension of the firm commitment for up to 180 days for good cause upon the receipt of one-half of one percent of the loan amount.