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Title 3 . Commerce, Community, and Economic Development
Chapter 79 . Fisheries Enhancement Tax Appropriations
Section 10. Application process

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.

History: Eff. 9/11/85, Register 95; am 1/11/87, Register 101; am 8/10/97, Register 143

Authority: AS 45.89.030

AS 45.89.070

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Last modified 7/05/2006