Loan money will be disbursed when
- (1) the state has perfected a security interest in the collateral;
- (2) requirements of the department as specified by the loan committee have been met; and
- (3) the borrower is in compliance with provisions of the loan documents, AS 44.33.950 - 44.33.990, and this chapter.
(Eff. 11/3/2012, Register 204)
Authority: AS 44.33.955, AS 44.33.965