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The board will use straight amortization on a restructured loan, unless the board determines on its own motion or based upon a request of the borrower that there is good cause for use of another amortization method. If the borrower wishes to request the use of another method, a borrower shall apply to the board to request that another method be used and provide reasons for the need to use another method.
History: Eff. 10/23/88, Register 108; am 6/1/2001, Register 158
Authority: AS 03.09.040
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Last modified 7/05/2006