3 Alaska Admin. Code § 161.110

Current through December 21, 2024

Section 3 AAC 161.110 - Default

The division may consider a borrower to be in default on a loan made under AS 42.45.250-42.45.299 if the borrower

(1) violates a provision of AS 42.45.250-42.45.299, this chapter, or the loan documents; or

(2) fails to make a necessary payment during the 30-day period after the date that the payment is due; or

(3) fails to maintain any insurance that the division requires as a condition for the loan.

3 AAC 161.110

Eff. 3/8/2013, Register 205

Authority:AS 42.45.250

AS 42.45.260

AS 42.45.270