- (a) Whether or not the debtor requests a hearing, the debtor may request an extension of time to reinstate the note or pay it in full beyond that specified in the notice of default and final demand for payment.
- (b) The request for an extension and a completed extension package must be postmarked or delivered to the department no later than the 120th day after the notice of default and final demand for payment has been issued.
- (c) If the department grants an extension to the debtor, the notice of default and final demand for payment will be extended in accordance with the terms of the extension.
(Eff. 11/2/84, Register 92; am 8/10/97, Register 143)
Authority: AS 16.10.335, AS 16.10.339