3 AAC 106.355. Reconsideration of a loan request

(a) If a loan request is denied, inactivated, or significantly modified by the authority, an applicant may file a written request for reconsideration with 30 days after receipt of notice of the authority's decision.

(b) The authority will consider a request for reconsideration if the applicant submits information to show that

(1) there has been a substantial change in the circumstances leading to the authority's decision;

(2) additional relevant information can be provided to the authority that was not initially available; or

(3) administrative errors were made by the authority.

History: Eff. 2/16/96, Register 137

Authority: AS 42.45.250

AS 44.83.080

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