15 Alaska Admin. Code § 152.050

Current through September 25, 2024

Section 15 AAC 152.050 - Loan term

The Corporation will establish the maximum period for repayment of loans under 15 AAC 152.010 - 15 AAC 152.100. The maximum periods will not exceed the following:

(1) for a building materials loan, the lesser of:

(A) the remaining economic life of the housing structure, as determined by the Corporation; or

(B) 15 years.

(2) for a loan other than a loan described in paragraph (1) of this section, the lesser of (A) the remaining economic life of the housing structure, as determined by the Corporation or (B) 30 years.

15 AAC 152.050

Eff. 5/7/93, Register 130

Authority:AS 18.56.088

AS 18.56.400

AS 18.56.440(2)