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Title 3 . Commerce, Community, and Economic Development
Chapter 99 . Commercial and Industrial Financing
Section 906. Curtailment of originator eligibility

3 AAC 99.906. Curtailment of originator eligibility

The authority will discontinue purchasing and/or guaranteeing loans from a financial institution (1) when that institution's 90-day delinquency rate on all AS 44 loans, by dollar value, exceeds the greater of two percent or the weighted average delinquency rate of all current qualified originators' portfolios, or (2) as provided in the loan participation and servicing agreement between the originator and the authority.

History: Eff. 11/30/90, Register 118

Authority: AS 44.88.165


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Last modified 7/05/2006