Made available by Touch N' Go Systems, Inc., and the
Law Offices of James B. Gottstein.

You can also go to The Alaska Legal Resource Center or search the entire website search.

Touch N' Go, the DeskTop In-and-Out Board makes your office run smoother. Visit Touch N' Go's Website to see how.
Title 15 . Revenue
Chapter 150 . (Repealed)
Section 45. Release of corporation

15 AAC 150.045. Release of corporation

The Corporation will require as a condition of making, participating in the making of, purchasing, or participating in the purchase of a mortgage loan, a waiver and release from each borrower releasing the Corporation from any liability for any failure of the residential unit to meet either the construction standards set forth at 15 AAC 150.030 or 15 AAC 155.010, for any threat to health or safety contained in the residence, and for every other matter and thing relating to the construction or physical condition of the unit regardless of cause. Neither the making or purchase of a loan by the Corporation nor the participation by the Corporation in the making or purchase of a loan is a representation or warranty by the Corporation that a residence complex with 15 AAC 155.010, the standards established in 15 AAC 150.030 or 15 AAC 150.100, or any other construction standard. The Corporation will prepare a form of release to be executed by each borrower prior to making, participating in the making, purchasing, or participating in the purchase of a mortgage loan and will incorporate the release into those loan documents the Corporation considers appropriate.

History: Eff. 5/7/93, Register 130

Authority: AS 18.56.088

AS 18.56.096 (c)

AS 46.11.040

Editor's note: Before Register 130, July, 1994, the substance of 15 AAC 150.045 was contained in former 15 AAC 118.269(c). The history note for 15 AAC 150.045 does not reflect the history of the section under its former number.

Note to HTML Version:

The Alaska Administrative Code was automatically converted to HTML from a plain text format. Every effort has been made to ensure its accuracy, but neither Touch N' Go Systems nor the Law Offices of James B. Gottstein can be held responsible for any possible errors. This version of the Alaska Administrative Code is current through June, 2006.

If it is critical that the precise terms of the Alaska Administrative Code be known, it is recommended that more formal sources be consulted. Recent editions of the Alaska Administrative Journal may be obtained from the Alaska Lieutenant Governor's Office on the world wide web. If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful. Copyright 2006. Touch N' Go Systems, Inc. All Rights Reserved.

Last modified 7/05/2006