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Current as of January 01, 2025 | Updated by Findlaw Staff
In this chapter,
(1) “conventional loan” means a loan secured by a first mortgage on unencumbered real property or leasehold estate other than a loan guaranteed or insured by a federal agency;
(2) “department” means the Department of Commerce, Community, and Economic Development;
(3) “financial institution” means a thrift institution, a commercial bank, a trust company, or an insurance company;
(4) “mutual bank” means a mutual savings bank chartered under this chapter;
(5) “thrift institution” means a cooperative bank, a homestead association, a mutual savings and loan association, or a mutual bank.
Cite this article: FindLaw.com - Alaska Statutes Title 6. Banks and Financial Institutions § 06.15.370. Definitions - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-6-banks-and-financial-institutions/ak-st-sect-06-15-370/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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