Section 15 AAC 152.050 - Loan termThe Corporation will establish the maximum period for repayment of loans under 15 AAC 152.010 - 15 AAC 152.100. The maximum periods will not exceed the following:
(1) for a building materials loan, the lesser of:(A) the remaining economic life of the housing structure, as determined by the Corporation; or(2) for a loan other than a loan described in paragraph (1) of this section, the lesser of (A) the remaining economic life of the housing structure, as determined by the Corporation or (B) 30 years.Eff. 5/7/93, Register 130Authority:AS 18.56.088
AS 18.56.400
AS 18.56.440(2)