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(a) A request for a modification to a loan made under AS 16.10.300 - 16.10.370 and this chapter will be processed in the same manner as a loan application. The department will, in its discretion, require one or more of the items specified in 3 AAC 80.010.
(b) A loan committee may permit a loan modification only if the security of the state and its investment is preserved.
History: Eff. 1/11/87, Register 101
Authority: AS 16.10.310
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Last modified 7/05/2006