3 Alaska Admin. Code § 87.070
Current through December 21, 2024
If the loan is in default, the department will, in its discretion, require a borrower to furnish annual financial statements consisting of a balance sheet, profit and loss statement, source and application of all money received and a schedule of change of owner's equity. The department will, in its discretion, require an audit or audits to determine whether the borrower has complied with the provisions of the loan, and conduct periodic inspection of collateral securing repayment of the loan.
3 AAC 87.070
Authority:AS 27.09.040
AS 27.09.050