(a)[Repealed, Sec. 102 ch 26 SLA 1993].

Terms Used In Alaska Statutes 06.05.280

  • bank: means a person doing a banking business, including persons subject to the law of this or another jurisdiction. See Alaska Statutes 06.05.990
  • loan: includes an extension of credit resulting from direct or indirect negotiations between a lender and a debtor. See Alaska Statutes 06.05.990
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(b)[Repealed, Sec. 102 ch 26 SLA 1993].
(c) A director, officer, or employee of a bank may not receive a fee or other compensation of any kind in connection with obtaining a mortgage loan from a bank, except for services actually rendered as provided in this chapter.
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