1. (a) The following information is not confidential and is available for public inspection upon request:

   1. (1) a document that is already a public record, including a

      1. (A) deed of trust;
      2. (B) financing statement;
      3. (C) limited entry permit;
      4. (D) quota share.;
      5. (E) warranty deed;
      6. (F) bill of sale;
      7. (G) mortgage;
      8. (H) lien;
      9. (I) vehicle title; or
      10. (J) vessel documentation;
   2. (2) general information regarding a loan, including the original loan amount, loan terms, personal guarantees, and disbursement and repayment schedules;
   3. (3) insurance matters, including title insurance policies and correspondence with insurance companies or borrowers regarding losses, accident reports, and nonpayment of premiums;
   4. (4) foreclosure and default proceedings.

2. (b) The following information is confidential and is not subject to public disclosure:

   1. (1) personal and financial information, including

      1. (A) income tax returns;
      2. (B) financial statements;
      3. (C) business income statements;
      4. (D) pro forma profit and loss statements;
      5. (E) credit information obtained from banks and other creditors;
      6. (F) reports from consumer reporting agencies;
      7. (G) processor statements; and
      8. (H) commercial fishing pink slips (fish tickets);
   2. (2) loan committee memoranda and minutes containing information relating to an applicant's creditworthiness;
   3. (3) the payment history on a loan unless the loan is in default.

3. (c) Information not described in (a) or (b) of this section may be subject to public disclosure. A person may request disclosure of information under 2 AAC 96. After the department receives a request for disclosure, the department will

   1. (1) notify the loan applicant and any other person with a privacy interest in the request; and
   2. (2) allow the applicant or other interested person to present reasons why the requested information should not be disclosed.

(Eff. 10/16/2012, Register 204; am 7/24/2024, Register 251)