Section 3 AAC 99.855 - Collateral(a) A loan must be secured by collateral acceptable to the department, such as a mortgage or other security instrument in real property, equipment, buildings or other tangible assets.(b) The department shall not approve a loan that exceeds the value of the collateral used to secure the loan.Eff. 2/8/2001, Register 158Authority:AS 44.88.600
AS 44.88.610
AS 44.88.620