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(a) A person making an offer may appeal a loan committee decision made under 3 AAC 77.060.
(b) All appeals must be made in writing and addressed to the division of investments in the department in Juneau, Alaska.
(c) An appeal must include the date, the appellant's full name, address, telephone number, and signature, a description of the repossessed property involved, and a complete explanation of why the appellant believes that the loan committee's decision should be amended or reversed.
(d) An appeal must be received by the division of investments or its successor agency, at the address specified, no later than the close of business on the 15th day after the mailing of the notice under 3 AAC 77.060(c) .
(e) If an appeal is received, the party whose offer was proposed to be accepted will be notified as soon as possible.
(f) The senior loan committee shall review and decide all appeals within five working days after the deadline for receipt of appeals under (d) of this section.
(g) The department will send to all parties involved, by first class mail, a letter stating the senior loan committee's decision under (f) of this section, within five working days after the decision.
(h) If the senior loan committee amends or reverses the loan committee's decision, the party whose offer was initially proposed to be accepted has a right of appeal under this section.
History: Eff. 3/29/86, Register 97; am 7/4/91, Register 119; am 8/10/97, Register 143
Authority: AS 16.10.310
Editor's note: The address for mailing appeals described in 3 AAC 77.080 is Division of Investments, Senior Loan Committee: Appeals, P.O. Box 34159, Juneau, AK 99803-4159.
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Last modified 7/05/2006