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Title 3 . Commerce, Community, and Economic Development
Chapter 7 . Land Sales
Section 355. Notice of delinquency charges

3 AAC 07.355. Notice of delinquency charges

(a) If a borrower is assessed delinquency charges, the licensee shall give the borrower written notice of the amount of the assessment within 10 days of the assessment.

(b) If a licensee assesses the allowable delinquency charges under AS 06.40.130 , the licensee shall disclose the terms of the delinquency charges in the premium finance agreement.

History: Eff. 4/16/2000, Register 154

Authority: AS 06.40.130

AS 06.40.180

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Last modified 7/05/2006