Section 3 AAC 79.010 - Application process(a) To apply for an assumption of an existing residential energy loan assumption, an applicant shall file with the department (1) a completed application for an energy conservation loan assumption, on a form provided by the department;(2) a financial statement, on a form provided by the department;(3) a signed credit authorization, on a form provided by the department;(4) an employment verification, on a form provided by the department;(5) a signed copy of the applicant's federal income tax return for the most recent year;(6) a $100 nonrefundable application fee; and(7) any other information that might be helpful to the applicant in qualifying for an assumption, as requested by the department.(b) The department will, in its discretion, process an application for an assumption without the information described in (a) of this section, if the department determines that the department can make an informed lending decision without access to the information.Eff. 9/11/85, Register 95; am 1/11/87, Register 101; am 8/10/97, Register 143Acting under AS 01.05.031, the revisor of statutes renumbered former AS 45.89.030 as AS 45.88.120; former AS 45.89.070 as AS 45.88.150. As of Register 203 (January 2013), the regulations attorney made conforming technical revisions under AS 44.62.125(b)(6) to 3 AAC 79.010 to reflect the statutory renumbering.
Authority:AS 45.88.120
AS 45.88.150