{"data":{"id":"us-ak/as-44.88.740","jurisdiction":"us-ak","citation":"AS 44.88.740","heading":"Servicing of guaranteed loans.","body":"(a) The financial institution that holds a loan guaranteed by the authority under AS 44.88.700 — 44.88.799 shall\n(1) service the loan;\n(2) exercise diligence in collecting amounts due under the loan; and\n(3) comply with all requirements of the loan guarantee agreement.\n(b) Amounts received toward satisfaction of a default on a loan guaranteed under AS 44.88.700 — 44.88.799 shall be allocated between the lender and the revolving fund according to the guaranteed percentage of the loan until the principal balance and accrued interest have been repaid.","path":["Title 44. State Government.","Chapter 88. Alaska Industrial Development and Export Authority.","Article 9. New Markets Tax Credit Assistance Guarantee and Loan Program."],"source_url":"https://www.akleg.gov/basis/statutes.asp#44.88.740","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:34Z","sha256":"bfcb525e71cf986ce014dad594b9742d8db10a32001ca647ef67acf51944cb42","source_id":"us-ak","stale":false,"prev":"us-ak/as-44.88.730","next":"us-ak/as-44.88.750"},"notice":"GroundRules: Original legal text. Not legal advice."}