3 Alaska Admin. Code § 81.081

Current through December 21, 2024

Section 3 AAC 81.081 - Closing an assumption

An assumption agreement will be considered by the department to be closed when

(1) all required signatures have been obtained and the assumption agreement has been properly recorded;

(2) the borrower has complied with the insurance requirements contained in an instrument signed by the borrower;

(3) all requirements of the loan committee have been met; and

(4) the borrower is in compliance with all other provisions of the loan documents and this chapter.

3 AAC 81.081

Eff. 8/10/97, Register 143

Authority:AS 16.10.510