(a) The foreclosure expense account is established as a special account in the mariculture revolving loan fund.
(b) The department 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 16.10.910 or to defray expenses incurred during foreclosure proceedings after an obligor defaults.
Section: Previous 16.10.900 16.10.905 16.10.910 16.10.915 16.10.920 16.10.925 16.10.930 16.10.935 16.10.940 16.10.945 NextLast modified: November 15, 2016