- (a) The principal balance of a consolidation loan is the total of the outstanding principal, interest, and fees relative to each loan included in the consolidation as of the date the consolidation loan is originated.
- (b) The minimum authorized loan amount for an applicant is $3,500.
(Eff. 3/19/2003, Register 166; am 7/31/2003, Register 167)
Authority: AS 14.42.030, AS 14.43.122