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 (Repealed)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 70. Contractor prerequisites for loans

15 AAC 150.070. Contractor prerequisites for loans

(a) The Corporation will not make, participate in the making of, purchase, or participate in the purchase of a loan to finance the purchase of new housing or the improvement or rehabilitation of existing housing, unless the construction, improvement, or rehabilitation work has been performed by a contractor who is registered to work as a contractor under AS 08.18.

(b) This section does not apply if the construction, improvement, or rehabilitation work:

(1) has been totally or substantially performed by the borrower;

(2) has been performed by a borrower who acts as the contractor for the construction, improvement, or rehabilitation work; or

(3) has been performed in an area designated by the Corporation as exempt from the requirements of this section because of the unavailability of registered contractors in that area.

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

Authority: AS 18.56.096 (a)(3)

AS 18.56.088

Editor's note: Before Register 130, July, 1994, the substance of 15 AAC 150.070 was contained in former 15 AAC 118.263. The history note for 15 AAC 150.070 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