Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 06 - Mutual Savings Banks
Article 2 - Banking Practices
3 AAC 06.120 - Alternative mortgage instruments
Universal Citation: 3 AK Admin Code 06.120
Current through February 24, 2025
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.
Authority:AS 06.01.020
AS 06.05.075
AS 06.15.010
AS 06.15.250
AS 06.15.360
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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