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(a) A promissory note for an eligible loan becomes void on the date it is paid in full and the consolidation loan is originated.
(b) As soon as is practicable following a consolidated loan origination, the commission staff will return to the borrower the cancelled promissory notes for each eligible loan that is included in the consolidation loan.
History: Eff. 3/19/2003, Register 166; am 7/31/2003, Register 167
Authority: AS 14.42.030
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Last modified 7/05/2006