Section 15 AAC 155.625 - Fee schedule and commitment period(a) The Corporation will enter into a commitment agreement to make, participate in the making, purchase, or participate in the purchase of loans under 15 AAC 155.600. The maximum commitment period shall be 12 months.(b) The Corporation will charge the following loan commitment fees at the time of loan closing by the borrower: the first $1,000,000 .50 percent
the next $4,000,000 .375 percent
the next $10,000,000 .25 percent
the next $15,000,000 .125 percent
(c) The Corporation may permit an extension of the firm commitment for up to 180 days for good cause upon the receipt of one-half of one percent of the loan amount.Eff. 7/14/2010, Register 204Even though the adoption of 15 AAC 155.625 was effective 7/14/2010, it was not published until Register 204, January 2013.
Authority:AS 18.56.088
AS 18.56.090
AS 18.56.855