Section 3 AAC 80.230 - Collateral(a) A loan must be secured by collateral acceptable to the department, such as a mortgage or other security instrument in real property or commercial fishing vessels with gear. The collateral must include the quota shares purchased.(b) A loan for the purchase of quota shares will be made only if the quota shares are placed in the name of the applicant.Eff. 10/16/2012, Register 204