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Title 3 . Commerce, Community, and Economic Development
Chapter 86 . Fisheries Enhancement Tax Appropriations
Section 65. Closing an assumption

3 AAC 86.065. Closing an assumption

An assumption agreement will be considered by the department to be closed when

(1) all required signatures have been obtained and the assumption agreement has been properly recorded;

(2) the borrower has complied with the insurance requirements contained in an instrument signed by the borrower;

(3) requirements of the loan committee have been met; and

(4) the borrower is in compliance with all other provisions of the loan documents and this chapter.

History: Eff. 9/11/85, Register 95

Authority: AS 45.95.010

AS 45.95.020 (a)


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Last modified 7/05/2006