Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 03 - Credit Unions
Article 2 - Credit Union Practices
3 AAC 03.170 - Alternative mortgage instruments

Universal Citation: 3 AK Admin Code 03.170
Current through February 24, 2025

A credit union may, with the prior approval of the department, make, purchase, and participate in alternative mortgage instruments if the legal rate of interest charged by the credit union is less than or equal to the maximum rate allowed by AS 06.01 or AS 06.45.

Authority:AS 06.45.010

AS 06.45.060(5)

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