Section 44.88.212. Fees charged by authority; prepayments.

Latest version.

   (a)   [Repealed, Sec. 23 ch 123 SLA 1990]. 
   (b) The commitment fee for a loan commitment by the authority may not exceed two percent of the principal amount of the loan.
   (c) The authority may not limit, or charge a fee or penalty for, prepayment of a loan after five years from the inception of the loan.

Notes

Implemented As

3 AAC 99.140
3 AAC 99.260
3 AAC 99.360
3 AAC 99.575
3 AAC 99.590
3 AAC 99.595

History

(Sec. 34 ch 115 SLA 1981; am Sec. 38 ch 42 SLA 1987; am Sec. 23 ch 123 SLA 1990)

                    
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