Before purchasing or participating in the purchase of a small community housing mortgage loan, the corporation may require the borrower to agree to purchase and maintain fire insurance for the real property for which the loan is made in an amount not less than the outstanding principal balance of the loan.
Structure Alaska Statutes
Title 18. Health, Safety, Housing, Human Rights, and Public Defender
Chapter 56. Alaska Housing Finance Corporation
Article 2. Housing Assistance.
Sec. 18.56.400. Powers of corporation related to housing assistance.
Sec. 18.56.410. Alaska energy efficient home grant fund.
Sec. 18.56.420. Housing assistance loan program.
Sec. 18.56.430. Home ownership assistance fund.
Sec. 18.56.440. Limitations on use of housing assistance loan program.
Sec. 18.56.450. Operating loss reserve account.
Sec. 18.56.460. Security for loans.
Sec. 18.56.470. Interest on loans.
Sec. 18.56.490. Restricted title loss reserve account.
Sec. 18.56.500. Fire insurance.
Sec. 18.56.510. Loan origination and servicing.
Sec. 18.56.530. Energy audit exemption.
Sec. 18.56.540. Toll-free telephone number.
Sec. 18.56.550. Field offices; contract services; assistance to others.
Sec. 18.56.560. Demonstration projects and information.