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Title 15 . Revenue
Chapter 152 . (Repealed)
Section 50. Loan term

15 AAC 152.050. Loan term

The Corporation will establish the maximum period for repayment of loans under 15 AAC 152.010 - 15 AAC 152.100. The maximum periods will not exceed the following:

(1) for a building materials loan, the lesser of:

(A) the remaining economic life of the housing structure, as determined by the Corporation; or

(B) 15 years.

(2) for a loan other than a loan described in paragraph (1) of this section, the lesser of (A) the remaining economic life of the housing structure, as determined by the Corporation or (B) 30 years.

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

Authority: AS 18.56.088

AS 18.56.400

AS 18.56.440 (2)


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Last modified 7/05/2006