Current through December 21, 2024
Section 3 AAC 82.081 - Closing an assumptionAn 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) all requirements of the loan committee have been met; and(3) the borrower is in compliance with all provisions of the loan documents, including insurance requirements, and this chapter.Eff. 8/10/97, Register 143