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Title 3 . Commerce, Community, and Economic Development
Chapter 170 . Small Municipality Energy Assistance Program
Section 100. Collateral

3 AAC 170.100. Collateral

A loan in which the division will purchase a participation interest under 3 AAC 170.030 must be secured by collateral determined to be adequate by the division. The division will determine whether the collateral offered is adequate based upon the credit history of the borrower, the size of the loan, and other factors considered relevant by the division. In the division's discretion, acceptable collateral may include a deed of trust on real estate, a security interest in personal property, a guarantee from a person other than the borrower, or other forms of collateral.

History: Eff. 1/19/93, Register 125

Authority: AS 44.33.765

AS 44.33.770

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Last modified 7/05/2006