(a) There is established as a special account within the commercial fishing revolving loan fund the foreclosure expense account.
(b) [Repealed, Sec. 72 ch 113 SLA 1982].
(c) The commissioner may expend money credited to the foreclosure expense account when necessary to protect the state's security interest in collateral on loans granted under AS 16.10.300 - 16.10.370, except loans under AS 16.10.310 (a)(1)(E), or to defray expenses incurred during foreclosure proceedings after a default by an obligor.
Section: Previous 16.10.330 16.10.333 16.10.335 16.10.337 16.10.338 16.10.339 16.10.340 16.10.342 16.10.345 16.10.350 16.10.353 16.10.355 16.10.360 16.10.370 NextLast modified: November 15, 2016