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 151 . (Repealed)
Section 900. Purchases of loans from sellers and servicers

15 AAC 151.900. Purchases of loans from sellers and servicers

(a) In addition to the requirements for sellers established in 15 AAC 150.080, the Corporation will not purchase a loan from a seller under this chapter unless the seller is:

(1) approved by GNMA, FHA, and VA for federally insured or guaranteed loans;

(2) approved by FNMA and FHLMC for conventional loans; or

(3) a regional housing authority under AS 18.55.

(b) In addition to the requirements for servicers established in 15 AAC 150.090, the Corporation will not enter into a servicing agreement with respect to loans purchased by the Corporation under this chapter unless the servicer satisfies at least one of the requirements listed in 15 AAC 151.900(a) .

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

Authority: AS 18.56.088

Editor's note: Before Register 130, July, 1994, the substance of 15 AAC 151.900 was contained in former 15 AAC 113.260. The history note for 15 AAC 151.900 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