Sec. 06.65.230. Separate accounting.
A financial contractor shall provide separate accounting for each program account established with the financial contractor.
Sec. 06.65.240. Annual fee.
A financial contractor may impose an annual fee as may be established by the department on the program account owner for the maintenance of a program account.
Sec. 06.65.250. Use as security.
A person may not use a program account or an interest in a program account as security for a loan. If a person pledges a program account or an interest in a program account as security for a loan, the pledge is void.
Sec. 06.65.260. No state obligation.
(a) This chapter may not be construed to create an obligation of the state, the department, or an agency or instrumentality of the state to guarantee for the benefit of a designated beneficiary (1) the return of the principal deposited in the program account; (2) a rate of interest or other return on the principal […]
Sec. 06.65.270. Confidentiality.
The department, the Department of Health, and another state agency that receives information under AS 06.65.280 shall maintain the confidentiality of the information they receive or exchange under this chapter about eligible individuals, designated beneficiaries, and program accounts as required by state and federal law.
Sec. 06.60.905. Untrue, misleading, or false statements.
A person may not, in a document filed with the department or in an examination, an investigation, a hearing, or another proceeding under this chapter, make or cause to be made an untrue statement of a material fact, or omit to state a material fact necessary in order to make the statement made, in the […]
Sec. 06.65.120. Program account ownership.
(a) The owner of a program account is the designated beneficiary of the program account. (b) If a representative of an eligible individual establishes a program account for an eligible individual, the representative is not an owner of the program account and does not have or acquire an interest in the assets of the program […]
Sec. 06.60.910. Regulations.
The department may adopt regulations under AS 44.62 (Administrative Procedure Act) to implement this chapter.
Sec. 06.60.920. Relationship to federal and other state law.
(a) If a provision of this chapter is preempted by or conflicts with federal law in a particular situation, the provision does not apply to the extent of the preemption or conflict. (b) If a provision of this chapter conflicts with another state law in a particular situation, the provision in this chapter governs to […]
Sec. 06.60.990. Definitions.
In this chapter, unless the context otherwise requires, (1) “bona fide nonprofit organization” means an organization that the department has determined qualifies as a bona fide nonprofit organization under AS 06.60.015(c); (2) “borrower” means an individual who receives a mortgage loan; (3) “consumer reporting agency” means a consumer reporting agency that compiles and maintains files […]