Section 15 AAC 151.220 - Duty in armed forces(a) A person is a qualified veteran for purposes of the veterans' mortgage program if the person satisfies the requirements of (b) of this section and if the person has served on full-time duty, other than for training, in the United States Army, Navy, Marine Corps, Air Force, or Coast Guard or in a reserve component of the United States Army, Navy, Marine Corps, Air Force, or Coast Guard.(b) In addition to the requirements of (a) of this section, a person is a qualified veteran for purposes of the state guaranteed veterans' home mortgage program if the person: (1) was not discharged from active duty more than 25 years prior to the date of closing;(2) if retired, discharged, or released from the duty described in (a) of this section, separation must have been under conditions other than dishonorable; and(3) if not retired, discharged, or released from the duty described in (a) of this section: (A) has completed his or her initial period of duty; and(B) would have been entitled to a discharge or release under conditions other than dishonorable at the end of his or her initial period of duty.Eff. 5/7/93, Register 130; am 8/9/2006, Register 179Authority:AS 18.56.088
AS 18.56.098