3 Alaska Admin. Code § 06.120

Current through September 25, 2024
Section 3 AAC 06.120 - Alternative mortgage instruments

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

Eff. 12/30/79, Register 72

Authority:AS 06.01.020

AS 06.05.075

AS 06.15.010

AS 06.15.250

AS 06.15.360