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A credit union may, with the prior approval of the department, make, purchase, and participate in alternative mortgage instruments if the legal rate of interest charged by the credit union is less than or equal to the maximum rate allowed by AS 06.01 or AS 06.45.
History: Eff. 1/21/81, Register 77
Authority: AS 06.45.010
AS 06.45.060 (5)
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Last modified 7/05/2006