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In 20 AAC 15.171 - 20 AAC 15.199, unless the context requires otherwise,
(1) repealed 4/2/2004;
(2) "consolidation loan" means a loan made under AS 14.43.122 ;
(3) "date of origination" means the day eligible loans are paid in full through the issuance of the consolidation loan;
(4) "eligible loan" means an education loan made under AS 14.43.091 - 14.43.160, AS 14.43.170 - 14.43.175, or AS 14.44.040 and approved for and paid in full through issuance of a consolidation loan;
(5) "FICO" means Fair, Isaac and Co. Inc., a developer of credit risk scores used by credit grantors in the lending business;
(6) "origination" means the creation of a financial obligation by the commission in response to an application from a consumer.
History: Eff. 3/19/2003, Register 166; am 7/31/2003, Register 167; am 4/2/2004, Register 169; am 12/31/2005, Register 176
Authority: AS 14.42.030
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Last modified 7/05/2006