reglab/housing_qa huggingface dataset:
AK Stat § 06.05.065 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 1. Department Powers, Bank Reports, Prohibited Interests, and Department Standards.|Sec. 06.05.065. Financial institution interest of department officers and employees.

(a) A bank examiner of the department who deals with the regulation of financial institutions, a special agent selected by the department to do work relating to financial institutions, the commissioner or deputy commissioner, or the director of banking may not be an officer, employee, director, trustee, attorney, shareholder, or partner of a financial institution, or receive, directly or indirectly, a payment or gratuity from a financial institution. A person subject to this section may not borrow money from a state financial institution, except as provided in this section. (b) A person subject to this section may (1) be a depositor in a financial institution; (2) purchase shares of a savings and loan association on the same terms available to the public; (3) be a member of an employee credit union; (4) be indebted to a state financial institution upon an installment debt incurred by the employee in the purchase of goods for personal use only and transferred to the financial institution in the regular course of business, including debts for household goods, mobile homes, motor vehicles, or boats; or (5) retain a preexisting extension of credit that was incurred before commencement of the employment that subjected the person to this section; any renegotiation of a preexisting extension of credit shall be treated as a new extension of credit that is subject to the prohibitions of this section. (c) This section does not limit the authority of an officer or employee of the department acting in the person's official capacity in the business of the department. (d) [Repealed, § 102 ch 26 SLA 1993.]  (e) [Repealed, § 102 ch 26 SLA 1993.]  (f) [Repealed, § 102 ch 26 SLA 1993.]
AK Stat § 06.05.075 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 1. Department Powers, Bank Reports, Prohibited Interests, and Department Standards.|Sec. 06.05.075. Standards.

The department, in the exercise of its authority under this chapter, shall act in the interests of promoting and maintaining a sound and competitive banking system, the security of deposits and customers, the liquid position of banks, and the prevention of injurious credit expansions and contractions.
AK Stat § 06.05.090 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.090. Certification of checks.

(a) The check of a depositor may not be certified unless the amount of the check actually stands to the credit of the drawer. (b) Any check certified is a valid obligation against the bank when held by an innocent holder. (c) [Repealed, § 102 ch 26 SLA 1993.]
AK Stat § 06.05.095 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.095. Payment of items.

If the balance in an account subject to withdrawal by or upon the order of a depositor is insufficient to pay an item presented for payment, a bank may select from the items that in the aggregate exceed the balance the items to be paid in the order convenient to the bank.
AK Stat § 06.05.100 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.100. Deposit of minor or person under disability.

Where a deposit is made in a bank by or on behalf of a minor or a person under disability in the name of the minor or person under disability, the bank may pay the money on check or order of that person as in other cases.
AK Stat § 06.05.120 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.120. Notice of charges.

A bank or other financial institution that levies a charge for the establishment or maintenance of personal nonbusiness demand deposit accounts shall clearly post a schedule of the charges in each of its places of business where these accounts are opened.
AK Stat § 06.05.145 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.145. Adverse claim to bank deposit.

Notice to a bank of an adverse claim to a deposit standing on its books to the credit of a person is ineffective unless the adverse claimant procures a restraining order, injunction or other appropriate process against the bank from a court in a cause where the person to whose credit the deposit stands is made a party or executes to the bank in form and with sureties acceptable to it a bond, indemnifying the bank from any liability, loss, damage, costs and expenses on account of the payment of the adverse claim or the dishonor of the check or other order of the person to whose credit the deposit stands on the books of the bank. This section does not apply where the person to whose credit the deposit stands is a fiduciary for the adverse claimant, and the facts constituting that relationship and the facts showing a reasonable belief on the part of the claimant that the fiduciary is about to misappropriate the deposit are made to appear by the affidavit of the claimant.
AK Stat § 06.05.160 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.160. Transmitting money and foreign exchange.

A bank may accept for transmission and transmit money, and may buy and sell foreign exchange to the extent necessary to meet the reasonably anticipated needs of customers.
AK Stat § 06.05.166 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.166. Legal holidays and closings.

(a) A bank organized under or doing business under the laws of the state or a national bank may remain closed on the legal holidays described in AS 44.12.010 - 44.12.025. The bank shall post a notice of holiday closing in the place of business affected at least seven days in advance. (b) If a contract by its terms requires the payment of money or the performance of a condition on a holiday allowed under (a) of this section by or at a state or national bank, payment may be made or the condition performed on the next succeeding business day with the same effect as if made or performed in accordance with the terms of the contract. (c) In an emergency, a bank may elect not to open any of its banking offices on a business or banking day or, having opened, to close any banking office. The bank shall notify the department of the nonopening or the closing before taking the action, if possible, and as soon as possible, in any event. Any act relating to the banking office that has been closed for any period of time under this subsection may be performed on the next business day that the office is open for business. No liability or loss of rights of any kind on the part of any person, firm, or corporation or of the bank results from the nonopening or closing, and the rights of all parties are suspended during the nonopening or closing. (d) In addition to legal holidays, a bank's board of directors may declare a closing of the bank on any other normal business day, if the department authorizes the closure, the bank posts notice of the closing in the place of business affected at least 15 days in advance, and the bank maintains all normal processing and clearing operations on the closed day. (e) Under (a) or (d) of this section, a bank may not be closed for more than three consecutive days. (f) A bank may operate a branch bank on a different schedule approved by the department if the department determines that operation on a different schedule will provide better service or otherwise benefit the public.
AK Stat § 06.05.197 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 2. Banking Practices.|Sec. 06.05.197. Nominees.

(a) A state or national bank or a trust company, when acting in the state as a fiduciary or as a co-fiduciary with others, may with the consent of its co-fiduciary or co-fiduciaries, if any, who are hereby authorized to give such consent, cause any investment it holds as a fiduciary or co-fiduciary to be registered and held in the name of a nominee or nominees of the bank or trust company. The bank or trust company is liable for the acts of its nominee with respect to an investment registered in the nominee's name. (b) The records of the bank or trust company must at all times show the ownership of the investment registered and held in the name of its nominee. The bank or trust company shall retain possession and control of the investment and keep the investment separate and apart from its assets.
AK Stat § 06.05.200 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.200. Reserves against deposits.

(a) A bank shall maintain a reserve fund sufficient to maintain liquidity and meet all reasonable demands of depositors, as provided in regulations adopted by the department. (b) [Repealed, § 102 ch 26 SLA 1993.]  (c) [Repealed, § 102 ch 26 SLA 1993.]  (d) If the reserve fund of a bank falls below the amount required by the department to be maintained under this section, the department may prohibit the bank from making any new loans or other investments or paying any dividends until the bank's reserve fund has been restored to the amount required under this section.
AK Stat § 06.05.207 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.207. Real estate loans.

(a) A bank may, subject to the requirements of this chapter, make or acquire a loan secured primarily by a first lien on an interest in improved or unimproved real property, including leases, if (1) the making of the loan is consistent with written lending policies of the bank and regulations adopted by the department; (2) before the loan is made or acquired, the bank secures and maintains in its files, evidence of merchantable title and a determination of the value of the property by a person familiar with the real property values in the vicinity where the real property is located; and (3) insurance against loss from fire on all buildings on the real property that are included in the value of the property is acquired by the borrower or the bank and is not allowed to lapse. (b) A bank may, subject to the requirements of this chapter, make or acquire a loan secured by a junior lien on real property if (1) payments on the loan secured by all senior liens are current and the bank retains in its records a written report of the status and balance of the senior liens as of the date the junior lien loan is made or acquired; and (2) all requirements of (a) of this section are met. (c) In this section, “real property” includes a manufactured home that has become real property under AS 34.85.010. In this subsection, “manufactured home” has the meaning given in AS 45.29.102.
AK Stat § 06.05.209 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.209. Credit cards.

(a) A bank is not prohibited from issuing unsolicited credit cards or other similar credit granting devices but the bank may not hold the customer liable for charges made on a credit card or other device before its acceptance by the customer. Before an unsolicited card is considered accepted by the customer, the customer shall execute and furnish to the bank a written statement of acceptance. (b) A state bank may issue a credit card or other similar credit granting device to a customer for obtaining money, goods, services, or anything else of value, and, notwithstanding AS 45.45.010, the state bank, when credit is extended under this section, may impose a service charge at a monthly rate as agreed upon by contract between the state bank and the customer receiving the credit granting device. (c) In addition to charges authorized under (b) of this section, a bank may charge an annual fee for the issuance of a credit card or other similar credit granting device.
AK Stat § 06.05.210 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.210. Loans to directors, officers, and employees.

(a) Subject to the same terms and conditions applicable to other loans, a director or executive officer of a state bank may borrow up to $100,000, or up to $250,000 for the director's or executive officer's primary residence, from the state bank at the discretion of the chief executive or managing officer of the state bank. A loan to a director or executive officer that makes the total amount owed to the state bank by the director or executive officer in excess of the limits in this subsection, or loans of any amount to the chief executive or managing officer of the state bank, shall have the prior approval of the board of directors, shall be reported to the department within 30 days, and shall be secured by adequate collateral. (b) [Repealed, § 102 ch 26 SLA 1993.]  (c) Notwithstanding (a) of this section, loans to directors, executive officers, and other officers and employees of a state bank are subject to the lending limits imposed by AS 06.05.205 and the regulations adopted under that section.
AK Stat § 06.05.211 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.211. Loans secured by forest tracts.

(a) A bank may, subject to the requirements of this chapter, make or acquire a loan secured by a first lien on a forest tract if (1) the making of the loan is consistent with written lending policies of the bank and regulations adopted by the department; (2) before the loan is made or acquired, the bank secures and maintains in its files evidence of a determination of the value of the property; and (3) the loan is secured by an amortized mortgage, deed of trust, or assignment of a federal or state timber sale contract. (b) The aggregate of all loans made or acquired by a bank under this section may not exceed 50 percent of its combined capital, surplus, and undivided profits. (c) In this section, “forest tract” means a reasonably accessible tract of land primarily covered with marketable or potentially marketable growing timber having a recognized commercial value, which is safeguarded by fire protection, insect, pest, and disease control.
AK Stat § 06.05.212 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.212. Overdrafts.

(a) A director, officer, or employee of a state bank may not knowingly, wilfully, and persistently overdraw the director's, officer's, or employee's account or permit a customer to do so. (b) An overdraft of more than 30 days' standing may not be allowed as an asset of the bank. (c) The provisions of this section do not apply to an approved overdraft created under a check guaranty plan or other similar revolving credit plan.
AK Stat § 06.05.215 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.215. Liability of directors and officers for certain loans.

A director, executive officer, managing officer, or issuing officer of a state bank who knowingly or with gross negligence approves or permits the funds of the bank to be lent or overdrafts to be made in an unsafe or unsound manner, or in violation of an order of the department, the bank's lending policies, this title, or a regulation adopted under this title, is personally liable to the bank for all the loans and overdrafts. The bank may enforce the liability against the director or officer by an action in a court of competent jurisdiction.
AK Stat § 06.05.225 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.225. Application of other laws to loans insured under national housing act.

The laws of the state prescribing or limiting interest rates upon loans do not apply to loans insured under 12 U.S.C. 1706c (National Housing Act).
AK Stat § 06.05.230 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.230. Investment in property and banking premises.

A bank may acquire, purchase, hold, and convey real and personal property for the following purposes only: (1) that which is necessary for the convenient transaction of, or the promotion of, its business, including buildings containing banking offices, equipment, furniture and fixtures, art work, leasehold improvements, parking lots, and, with the prior approval of the department, real property reasonably anticipated to be necessary for future expansion of the bank, if the book asset value of the purchase or investment does not exceed 60 percent of the capital and surplus of the bank; (2) the satisfaction of or on account of debts previously contracted in the course of its business; (3) the purchase at sale under judgment, decree, lien, or mortgage foreclosure, against security held by it; (4) that which is necessary in connection with a negatively amortizing loan described under AS 45.45.010(f).
AK Stat § 06.05.231 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.231. Bank service corporations.

(a) A bank may invest not more than 10 percent of its paid-in and unimpaired capital and surplus in a bank service corporation if (1) the bank submits an application requesting permission to invest in a bank service corporation to the department, accompanied by complete information concerning feasibility, rates, and competitive organizations, and the department consents in writing to the investment before it is made; and (2) the total investment under this section and AS 06.05.230(1) does not exceed the combined capital, surplus, and undivided profits. (b) A bank may not employ or use the services of a bank service corporation unless the service corporation provides an adequate bond or insurance against liabilities arising from accounting or other activities performed by the service corporation affecting bank transactions and the bank gives written notice to the department, before any services are rendered, specifying the name and address of the bank service corporation and the nature of the activities to be performed. (c) The performance of a service for a bank by a bank, person, or organization other than the bank is subject to all laws and regulations governing performance and examination, in the same manner as if the bank were performing the services. (d) In this section, (1) “bank service corporation” means a corporation organized to perform bank services for two or more banks, each of which owns part of the capital stock of the corporation; (2) “bank services” means services for banks such as check and deposit sorting and posting, computation and posting of interest and other credits and charges, preparation and mailing of checks, statements, notices, and similar items, and any clerical, bookkeeping, accounting, statistical, or similar functions performed by a bank for its customers.
AK Stat § 06.05.237 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.237. Financial holding companies.

Notwithstanding the provisions of AS 06.05.235 and regulations adopted under that section, a holding company formed under this title may apply to the Federal Reserve System for status as a financial holding company. If the status is granted, the financial holding company has powers as a financial holding company authorized by the Federal Reserve System if (1) at the time of application, the holding company provides the department with a complete copy of the application; (2) the holding company provides the department with copies of all correspondence concerning the application; (3) the holding company provides the department with a copy of the approval by the Federal Reserve System within 10 days after the holding company receives the approval; and (4) the department does not issue a letter denying financial holding company status within 30 days after the approval by the Federal Reserve System.
AK Stat § 06.05.240 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.240. Acquisition of property to satisfy or protect previous loan.

A state bank may take property of any kind to satisfy or protect a loan previously made in good faith and in the ordinary course of business. A bank may not take the capital stock of the bank or of the bank's parent holding companies unless it complies with AS 06.05.205(d). The property shall be entered on the books at cost, or fair market value, whichever is less. Property acquired to satisfy or protect previous loans shall be disposed of over periods of time as the department may prescribe by regulation.
AK Stat § 06.05.245 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.245. Disposition of property not needed in the conduct of a banking business.

All investments in real and personal property, regardless of how acquired, not permitted under AS 06.05.230 that come into the possession of a state bank shall be disposed of as soon as possible. If the real or personal property is not sold within the time limit set by the department in regulations, it shall be written off and may not be carried as an asset of the state bank.
AK Stat § 06.05.255 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 05. Alaska Banking Code|Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services.|Sec. 06.05.255. Borrowing.

(a) The aggregate amount of outstanding liabilities of a state bank for money borrowed exclusive of (1) capital notes and debentures issued under AS 06.05.307, (2) obligations incurred in connection with the purchase of bank premises under AS 06.05.230(1), and (3) agreements to repurchase securities, earlier sold by the bank, at the end of a stated period, may not at any time exceed 15 percent of the bank's total assets, or a larger amount if approved by the department. (b) Nothing in this section prevents a bank from rediscounting in good faith and endorsing any of its negotiable notes. (c) [Repealed, § 102 ch 26 SLA 1993.]