(a) The Department of Commerce, Community, and Economic Development shall administer the laws and regulations relating to the veterans’ loan program, adopt new regulations, and recommend legislation. (b) The department shall obtain the guarantee of the United States under the Servicemen’s Re-Adjustment Act on loans as prescribed by regulations of the department. Under regulations of […]
The deeds, mortgages, assignments, or other documents made, executed, and delivered in conformity with the provisions of this chapter and as otherwise required by law, in which the designation “Veterans’ Affairs Commission” appears, whether as grantor, grantee, mortgagee, assignor, assignee, or otherwise, are validated and confirmed, and all obligations incurred under the provisions of any […]
(a) The Department of Commerce, Community, and Economic Development shall formulate general policies and adopt regulations, including regulations to establish reasonable fees for services provided. (b) The department may hold hearings and subpoena witnesses and documents, and administer oaths in connection with hearings. (c) The department shall (1) cooperate with the federal government in matters […]
(a) The commissioner of commerce, community, and economic development may, under regulations and policies, make the following loans: (1) personal loans may be made for educational, domestic, remote area family housing and other personal purposes, not exceeding $10,000; the loans shall be secured by acceptable collateral when available but if not available the commissioner may […]
The provisions of AS 26.15.040 applying to interest rates apply only to loans made after April 1, 1967. The interest rates on loans made before April 1, 1967 shall be prescribed at the time the loan was made.
(a) The commissioner of commerce, community, and economic development may sell or transfer at par value or at a premium or discount to any bank or other private purchaser for cash or other consideration the mortgages and notes held by the Department of Commerce, Community, and Economic Development as security for loans made under this […]
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.
(a) There is created the Alaska World War II veterans’ revolving fund to carry out this chapter. Except as provided in (b) and (c) of this section, the fund may not be used for any other purpose. (b) Money in the fund may be used by the legislature to make appropriations for costs of administering […]
(a) There is established as a special account within the Alaska World War II veterans’ revolving fund the foreclosure expense account. This account is established as a reserve from fund equity. (b) The commissioner of commerce, community, and economic development may expend money credited to the foreclosure expense account when necessary to protect the state’s […]
(a) Qualifications for loans under this chapter are as follows: (1) persons who served in the armed forces of the United States for 90 days or more, or whose service was for less than 90 days because of injury or disability incurred in the line of duty, between April 6, 1917, and November 11, 1918, […]
A person is not eligible for benefits under this chapter if the person is eligible under the laws of any other state or territory for a veterans loan or bonus.
The provisions of this chapter, except those provisions relating to the payment of bonuses, are extended to persons who served in the Alaska Territorial Guard and to veterans of the armed forces of the United States, who served other than dishonorably on active duty between June 25, 1950, and January 31, 1955, between August 4, […]
