Section 3 AAC 99.906 - Curtailment of originator or financial institution eligibility(a) The authority will discontinue purchasing or guaranteeing loans from an originator or a financial institution if the 90-day delinquency rate on AS 44.88 loans from that originator or financial institution exceeds five percent by dollar value.(c) In this section, "AS 44.88 loans" means all loan participations and loan guarantees approved and pending closing, owned or issued by the authority under the tax-exempt loan participation program under 3 AAC 99.200 - 3 AAC 99.290, the taxable loan participation program under 3 AAC 99.300 - 3 AAC 99.390, or the business and export assistance program under 3 AAC 99.700 - 3 AAC 99.785.Eff. 11/30/90, Register 118; am 10/16/2006, Register 180; am 5/4/2010, Register 195Authority:AS 44.88.085
AS 44.88.165