(a) The corporation may establish field offices under Alaska Stat. § 18.56.400 – 18.56.600, may hire one or more lending officers, and may contract for the services of

Terms Used In Alaska Statutes 18.56.550

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • property: includes real and personal property. See Alaska Statutes 01.10.060
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(1) real property appraisers who are familiar with housing and construction in small communities; and
(2) engineers who are familiar with engineering problems in arctic and subarctic regions.
(b) The personnel described in (a) of this section may make visits to small communities to provide preconstruction and post-construction inspections of real property for which loans are originated or purchased by the corporation in whole or in part under Alaska Stat. § 18.56.420 and to provide assistance to private financial institutions and their borrowers. Authority for final approval of loans may not be exercised by the personnel described in this section.
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