Sec. 45.98.055. Disposal of property acquired by default or foreclosure.
61 words·~1 min read·
/ak/title-45/chapter-98/45-98-055A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 45.98.055. Disposal of property acquired by default or foreclosure.
The Department of Commerce, Community, and Economic Development shall dispose of property acquired through default or foreclosure of a loan made under this chapter. Disposal shall be made in a manner that serves the best interests of the state, and may include the amortization of payments over a period of years.