- (a) A request for a modification to a loan made under AS 44.88.610 and this article will be processed in the same manner as a loan application.
- (b) A loan committee may permit a loan modification only if the security of the loan under the rural development initiative fund is preserved or improved.
(Eff. 2/8/2001, Register 158)
Authority: AS 44.88.600, AS 44.88.610, AS 44.88.620