A bank may make, purchase, and participate in alternative mortgage instruments if the legal rate of interest charged by the bank complies with the provisions of AS 45.45.010(b) and 12 C.F.R. 545.6 - 1, 2, as amended January 1, 1979, and July 1, 1979.
3 AAC 06.120
Authority:AS 06.01.020
AS 06.05.075
AS 06.15.010
AS 06.15.250
AS 06.15.360