Sec. 44.88.212. Fees charged by authority; prepayments.
64 words·~1 min read·
/ak/title-44/chapter-88/44-88-212A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 44.88.212. Fees charged by authority; prepayments.
(a)[Repealed, § 23 ch 123 SLA 1990.]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.