Alaska § 18.56.490 - Restricted title loss reserve account.
Full text of Alaska Alaska Statutes § 18.56.490 — Restricted title loss reserve account., with citation guidance and answers to common questions.
§ 18.56.490. Restricted title loss reserve account.
(a) There is established in the corporation the restricted title loss reserve account. The restricted title loss reserve account consists of money appropriated to it by the legislature and deposited to it by the corporation, and shall be administered by the corporation.
(b) The corporation may withdraw money from the restricted title loss reserve account in an amount equal to the loss to the corporation on a small community housing mortgage loan originated or purchased in whole or in part by the corporation if marketable title to the real property used to secure the loan was shown under AS 18.56.480 (b)(2). Money withdrawn from the restricted title loss reserve account under this section shall be deposited in the Alaska housing finance revolving fund ( AS 18.56.082 ).
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 18.56.490
What does Alaska Statutes § 18.56.490 cover?
Section 18.56.490 ("Restricted title loss reserve account.") 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 § 18.56.490?
A common citation format is "Alaska Statutes § 18.56.490" (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 § 18.56.490 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.