3 Alaska Admin. Code § 170.100
Current through October 17, 2024
A loan in which the division will purchase a participation interest under 3 AAC 170.030 must be secured by collateral determined to be adequate by the division. The division will determine whether the collateral offered is adequate based upon the credit history of the borrower, the size of the loan, and other factors considered relevant by the division. In the division's discretion, acceptable collateral may include a deed of trust on real estate, a security interest in personal property, a guarantee from a person other than the borrower, or other forms of collateral.
3 AAC 170.100
Authority:AS 44.33.765
AS 44.33.770