Effective Jan 11, 1987Alaska Register 101(Eff. 1/11/87, Register 101) | Authority: AS 16.10.510
(a) A request for a modification to a loan made under AS 16.10.500 - 16.10.620 and this chapter will be processed in the same manner as a loan application. The department will, in its discretion, require one or more of the items specified in 3 AAC 81.010.
(b) A loan committee may permit a loan modification only if the security of the state and its investment is preserved.