Alaska § 18.55.997 - Residential loans.
Full text of Alaska Alaska Statutes § 18.55.997 — Residential loans., with citation guidance and answers to common questions.
§ 18.55.997. Residential loans.
(a) In addition to the powers authorized to a regional housing authority under AS 18.55.996 , a regional housing authority may, in accordance with procedures and policies adopted and approved by the Alaska Housing Finance Corporation, make loans for the purchase or development of residential housing in rural areas of the state, other than in an area where the corporation has a loan office. A loan shall be secured by collateral in an amount acceptable to the corporation. The rate of interest on a loan authorized by this section may not exceed the interest rate on a loan originated or purchased under AS 18.56.400 — 18.56.600.
(b) In this section, (1) “development” means the construction of a new residence or the repair, remodeling, rehabilitation, or expansion of an existing home;
(2) “rural” has the meaning given the term “small community” in AS 18.56.600 .
Frequently Asked Questions About Alaska § 18.55.997
What does Alaska Statutes § 18.55.997 cover?
Section 18.55.997 ("Residential loans.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 18.55.997?
A common citation format is "Alaska Statutes § 18.55.997" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 18.55.997 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.