Section 3 AAC 80.480 - Confidentiality of loan information(a) The following information is not confidential and is available for public inspection upon request:(1) a document that is already a public record, including a(C) limited entry permit;(J) vessel documentation;(2) general information regarding a loan, including the original loan amount, loan terms, personal guarantees, and disbursement and repayment schedules;(3) insurance matters, including title insurance policies and correspondence with insurance companies or borrowers regarding losses, accident reports, and nonpayment of premiums;(4) foreclosure and default proceedings.(b) The following information is confidential and is not subject to public disclosure: (1) personal and financial information, including(B) financial statements;(C) business income statements;(D) pro forma profit and loss statements;(E) credit information obtained from banks and other creditors;(F) reports from consumer reporting agencies;(G) processor statements; and(H) commercial fishing pink slips (fish tickets);(2) loan committee memoranda and minutes containing information relating to an applicant's creditworthiness;(3) the payment history on a loan unless the loan is in default.(c) Information not described in (a) or (b) of this section may be subject to public disclosure. A person may request disclosure of information under 2 AAC 96. After the department receives a request for disclosure, the department will (1) notify the loan applicant and any other person with a privacy interest in the request; and(2) allow the applicant or other interested person to present reasons why the requested information should not be disclosed.Eff. 10/16/2012, Register 204; am 7/24/2024, Register 251, October 2024Authority: Art. I, sec. 22, Ak Const.
AS 16.10.905
AS 40.25.110
AS 40.25.120