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(a) The principal balance of a consolidation loan is the total of the outstanding principal, interest, and fees relative to each loan included in the consolidation as of the date the consolidation loan is originated.
(b) The minimum authorized loan amount for an applicant is $3,500.
History: Eff. 3/19/2003, Register 166; am 7/31/2003, Register 167
Authority: AS 14.42.030
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Last modified 7/05/2006