Section 3 AAC 78.066 - Disbursement of loan moneyLoan money will only be disbursed when
(1) a security interest in the collateral on behalf of the state has been perfected;(2) the borrower has complied with the insurance requirements contained in an instrument signed by the borrower;(3) the requirements of the department as specified by the loan committee have been met; and(4) the borrower is in compliance with all other provisions of the loan documents, AS 45.88.010-45.88.090, and this chapter.Eff. 9/7/2012, Register 203