Sec. 44.29.220. Administration of loan program.
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/ak/title-44/chapter-29/44-29-220A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 44.29.220. Administration of loan program.
(a)The department may
(1)adopt regulations necessary to carry out its functions under AS 44.29.210 — 44.29.230 and to administer the program required under 42 U.S.C. 300x-4(a), including regulations to establish reasonable fees for services provided, procedures for foreclosure proceedings, and procedures for collecting delinquent accounts;
(2)establish amortization plans for the repayment of loans;
(3)charge and collect the fees established under this subsection; and
(4)contract for the servicing of loans made under AS 44.29.210 .
(b)[Repealed, § 28 ch 90 SLA 1991.]