3 Alaska Admin. Code § 03.030

Current through December 21, 2024

Section 3 AAC 03.030 - Charge-offs

The commissioner will, in his discretion, require a state-chartered credit union to

(1) charge-off that portion of an asset classified as loss in the NCUA report of examination or the state report of examination; or

(2) charge-off all debts owed to the credit union in which interest due has been unpaid for a period of six months unless the debt principal is adequately secured and the credit union is in the process of collection.

3 AAC 03.030

Eff. 10/2/83, Register 87

Authority:AS 06.01.020

AS 06.45.010