reglab/housing_qa huggingface dataset:
AK Stat § 18.56.097 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.097. Collateral for loans.

Under procedures established by regulations of the corporation adopted in accordance with AS 18.56.088 a person may pledge as security for the repayment of a loan made, purchased, or insured by the corporation under this chapter a preference right the person holds to receive title to land the person occupies as a primary place of residence, primary place of business, subsistence campsite, or as headquarters for reindeer husbandry. The preference right must be conveyed to the person by the Native corporation to which the land was granted under 43 U.S.C. 1613 before it may be pledged as security under this section. The Department of Commerce, Community, and Economic Development shall prescribe procedures and standard forms for establishing and appraising the value of a preference right held by a person to secure the repayment of a loan made, purchased, or insured by the corporation under this chapter.
AK Stat § 18.56.099 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.099. Powers of corporation to deal in mortgage loans.

The corporation may purchase, sell, hold, or otherwise deal in mortgage loans. In connection with the purchase or sale of a beneficial interest or participation in a mortgage loan, the corporation may enter into a trust agreement providing for the custody, control, and administration of the mortgage loan. The trust agreement may provide that the corporation or a bank or trust company shall act as trustor or trustee under the trust and that title to the mortgage loans subject to the trust shall be considered to have passed as provided in the trust agreement. To the extent provided in the trust agreement, the effect of a sale of a beneficial interest or participation in a mortgage loan is the same as the sale of the mortgage loan subject to the trust.
AK Stat § 18.56.101 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.101. Eligibility for veterans' interest rates.

The following persons are eligible veterans for the purposes of AS 18.56.098(f) and (g): (1) a person who served in the armed forces of the United States for 90 days or more, or whose service was for less than 90 days because of injury or disability incurred in the line of duty, after April 6, 1917, whose discharge was under honorable conditions; (2) the widow or widower of a member of the armed forces or an eligible veteran if the member or veteran served in the armed forces for at least 90 days after April 6, 1917, and the veteran's discharge was under honorable conditions; (3) a person who has served for not less than five years in the Alaska Army National Guard, or the Alaska Air National Guard, or a reserve unit of the United States armed forces if the reserve unit required, as a minimum, one weekend each month of duty and 15 consecutive days of active duty training each year and (A) whose discharge was under honorable conditions; or (B) who is currently in an active status in the guard or a reserve unit; (4) a person who has served as a commissioned officer of the Regular or Reserve Corps of the Public Health Service whose discharge was under honorable conditions; (5) a person who served in the Alaska Territorial Guard for 90 days or more or whose service was for less than 90 days because of injury or disability incurred in the line of duty; (6) the widow or widower of a person who served at least 90 days in the Alaska Territorial Guard.
AK Stat § 18.56.103 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.103. Federal taxation of interest on bonds and bond anticipation notes.

If the interest on bonds or bond anticipation notes of the corporation issued after June 1, 1980, becomes taxable under the income tax laws of the United States, the legislature may appropriate an amount sufficient to pay the outstanding principal and interest on the bonds or bond anticipation notes. Nothing in this section creates a debt or liability of the state.
AK Stat § 18.56.105 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.105. Allocation of lending activities.

The corporation shall designate regions within the state that, in the aggregate, encompass the entire state. In participating in the making or purchasing of loans under AS 18.56.090(a)(1) and (2) or under AS 18.56.100, the corporation shall make its money available through the private financial institutions in the state within each region designated by the corporation under this section. The corporation shall allocate its money among the regions on the basis of recent and future anticipated lending activity as well as the potential need for the loans in each region and may reallocate its money among the regions as it considers appropriate to reflect changes in lending activity or need in the regions.
AK Stat § 18.56.106 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.106. Nonconforming housing loan program.

(a) There is established in the corporation the nonconforming housing loan program to assist persons to purchase housing that does not conform to minimum building standards under any state or federal program that provides for housing purchases. (b) The corporation shall adopt regulations under this section that establish conditions and terms for nonconforming housing loans including terms and conditions relating to owner and nonowner occupancy, the number of loans that may be made to a single borrower, and borrower eligibility requirements. The corporation shall permit loans under this section for nonconforming housing located on land to which a borrower has agricultural rights.
AK Stat § 18.56.107 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.107. Loan origination and service fees for rural areas.

Loan origination and service fees charged for a loan made or purchased in a rural area with money received by the corporation after July 1, 1981, may be higher than loan origination and service fees charged for other loans made or purchased by the corporation and the corporation may pay a portion of the higher fees.
AK Stat § 18.56.108 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.108. Simplified refinancing mortgage loan purchase program.

(a) The corporation shall establish a simplified refinancing mortgage loan purchase program. Under the simplified refinancing mortgage loan purchase program, the corporation may purchase refinancing mortgage loans to provide relief to borrowers under circumstances described by regulations adopted by the corporation. (b) AS 18.56.098(c), (e), and (j) apply to refinancing mortgage loans purchased under (a) of this section. (c) Subject to (d) of this section, the interest rate on a refinancing mortgage loan purchased under (a) of this section is two percent less than the cost to the corporation of the money used to purchase the refinancing mortgage loan, except that if the cost of money (1) is 10 percent or less, the interest rate is equal to the cost of money; and (2) is more than 10 percent, the interest rate may not be less than 10 percent. (d) If the refinancing mortgage loan is an adjustable rate mortgage loan, the corporation shall establish the initial interest rate as provided in (c) of this section and shall recalculate the interest rate from time to time in accordance with (c) of this section. However, notwithstanding (c)(1) of this section, the corporation may establish a minimum interest rate applicable to an adjustable rate refinancing mortgage loan. The interest rate on the adjustable rate refinancing mortgage loan may not be less than the minimum interest rate established under this subsection, regardless of the cost of money to the corporation. (e) The corporation may adopt regulations to implement this section, including regulations to define “cost of money” for purposes of this section. The regulations may provide for recalculation of the cost of money under (d) of this section at the times and frequencies the corporation considers appropriate. The time and frequency for a recalculation under (d) of this section is not required to match the time or frequency of a change in the cost of money to the corporation. (f) Equity extraction may not be allowed under this program. (g) In this section, “refinancing mortgage loan” means a loan refinancing another mortgage loan owned by the corporation.
AK Stat § 18.56.115 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.115. Independent financial advisor.

In negotiating the private sale of bonds or bond anticipation notes to an underwriter, the corporation may retain a financial advisor. A financial advisor retained under this section must be independent from the underwriter.
AK Stat § 18.56.120 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.120. Validity of any pledge.

The pledge of assets or revenue of the corporation to the payment of the principal or interest on any obligations of the agency is valid and binding from the time the pledge is made and the assets or revenue are immediately subject to the lien of the pledge without physical delivery or further act. The lien of any pledge is valid and binding against all parties having claims of any kind in tort, contract, or otherwise against the corporation, irrespective of whether those parties have notice of the lien of the pledge. This section does not prohibit the corporation from selling assets subject to any pledge, except that any sale may be restricted by the trust agreement or resolution providing for the issuance of the obligations.
AK Stat § 18.56.130 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.130. Remedies.

A holder of obligations or coupons attached to them issued under the provisions of this chapter, and a trustee under any trust agreement or resolution authorizing the issuance of the obligations, except as restricted by a trust agreement or resolution, either at law or in equity, may enforce all rights granted hereunder or under the trust agreement or resolution, or under any other contract executed by the corporation under this chapter, and may enforce and compel the performance of all duties required by this chapter or by the trust agreement or resolution to be performed by the corporation or by any officer of it.
AK Stat § 18.56.135 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.135. Loan servicing requirements.

(a) If the servicing of a loan is sold to another person, the seller shall notify the mortgagor of the sale within 10 days after the actual date of the sale. The notification must include (1) the name, address, and telephone number of the person who will assume responsibility for the servicing and accept payments for the loan; (2) a detailed written financial breakdown of the loan, including the interest rate, monthly payment amount, and current escrow balance. (b) The purchaser of loan servicing under (a) of this section shall (1) issue to the mortgagor corrected coupon or payment books, if used; (2) within 20 days after the due date of the first payment to be made to the purchaser, (A) notify the mortgagor of the name, address, and telephone number of the person from whom the mortgagor can receive information regarding the servicing of the loan; (B) inform the mortgagor of changes made regarding the loan escrow account or servicing requirements, including the interest rate, monthly payment amount, and current escrow balance. (c) A loan servicing agent shall respond within 15 business days to a written request for information from the mortgagor. The written response must include the telephone number of the agent's representative who can assist the mortgagor. (d) If a mortgagor of a loan is required to maintain funds in an escrow account to cover the payment of the tax or insurance obligations for the mortgaged property, the loan servicing agent shall make each tax or insurance payment in a timely manner as the obligations become due if the funds in the account are sufficient to cover the payment. If the funds in the account are insufficient to make the payment, the loan servicing agent shall promptly notify the mortgagor of the shortage and may make the payment on behalf of the mortgagor. (e) In this section, (1) “loan” means a mortgage loan purchased by the corporation under a residential housing loan program authorized by this chapter; (2) “loan servicing agent” means an institution other than the Alaska Housing Finance Corporation that services a loan.
AK Stat § 18.56.140 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.140. Negotiable instruments.

All obligations and interest coupons attached to them are negotiable instruments under the laws of this state, subject only to any applicable provisions for registration.
AK Stat § 18.56.150 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.150. Obligations eligible for investment.

Obligations issued under the provisions of this chapter are securities in which all public officers and public bodies of the state and its political subdivisions, all insurance companies, trust companies, banking associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. These obligations may be deposited with any state or municipal officer of any agency or political subdivision of the state for any purpose for which the deposit of bonds, notes, or obligations of the state is authorized by law.
AK Stat § 18.56.160 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.160. Refunding obligations.

(a) The corporation may provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding that have been issued under the provisions of this chapter, including the payment of any redemption premium on them and any interest accrued or to accrue to the date of redemption of the obligations. The issuance of the obligations, the maturities and other details of them, the rights of the holders of them, and the rights, duties, and obligations of the corporation in respect of them are governed by the provisions of this chapter that relate to the issuance of obligations, insofar as those provisions may be appropriate. (b) Refunding obligations may be sold or exchanged for outstanding obligations issued under this chapter and, if sold, the proceeds may be applied, in addition to any other authorized purposes, to the purchase, redemption, or payment of the outstanding obligations. Pending the application of the proceeds of refunding obligations, with any other available funds, to the payment of the principal, accrued interest, and any redemption premium on the obligations being refunded, and, if so provided or permitted in the resolution authorizing the issuance of the refunding obligations or in the trust agreement securing them, to the payment of any interest on the refunding obligations and any expenses in connection with the refunding, the proceeds may be invested in direct obligations of, or obligations the principal of and the interest on which are unconditionally guaranteed by, the United States that mature or that will be subject to redemption, at the option of the holders of them, not later than the respective dates when the proceeds, together with the interest accruing on them, will be required for the purposes intended.
AK Stat § 18.56.170 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.170. Credit of state not pledged.

(a) Obligations issued under the provisions of this chapter other than state guaranteed bonds do not constitute a debt, liability, or obligation of the state or of any political subdivision of the state or a pledge of the faith and credit of the state or of a political subdivision but are payable solely from the revenue or assets of the corporation. Each obligation issued under this chapter other than a state guaranteed bond shall contain on its face a statement that the corporation is not obligated to pay it nor the interest on it except from the revenue or assets of the corporation and that neither the faith and credit nor the taxing power of the state or of any political subdivision of the state is pledged to the payment of the principal of or the interest on the obligation. (b) Expenses incurred by the corporation in carrying out the provisions of this chapter are payable from funds provided under this chapter and liability may not be incurred by the corporation in excess of these funds.
AK Stat § 18.56.180 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.180. Officers not liable.

A member or other officer of the corporation is not subject to personal liability or accountability by reason of having executed or issued any obligations.
AK Stat § 18.56.190 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.190. Tax exemption.

(a) The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of the state, for their well-being and prosperity, and for the improvement of their social and economic conditions, and the corporation is not required to pay a tax or assessment on any property owned by the corporation under the provisions of this chapter or upon the income from it, except taxes on real property of which the corporation is fee owner. (b) All obligations issued under this chapter are declared to be issued by a body corporate and public of the state and for an essential public and governmental purpose, and the obligations, and the interest and income on and from the obligations, and all fees, charges, funds, revenues, income, and other money pledged or available to pay or secure the payment of the obligations, or interest on the obligations, are exempt from taxation except for transfer, inheritance, and estate taxes.
AK Stat § 18.56.200 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.200. Annual report.

(a) The corporation shall prepare and transmit annually a report accounting to the governor for the efficient discharge of all responsibility assigned by law or by directive to the corporation. The corporation shall notify the legislature that the report is available. (b) By January 10 of each year, the board shall publish a report of the corporation for distribution. The board shall notify the governor, legislature, and the public that the report is available. The report shall be written in easily understandable language. The report must include a financial statement audited by an independent outside auditor, a statement of corporation investments in mortgage loans under this chapter, including an estimate of market value of the mortgage loans, a comparison of the corporation performance with the goals of the corporation, and the levels of bonding and investment activities anticipated in the previous year's report under (c) of this section, and any other information the board believes would be of interest to the governor, the legislature, and the public. The annual income statement and balance sheet of the corporation shall be published in at least one newspaper in each judicial district. The board may also publish other reports it considers desirable to carry out its purpose. (c) The corporation shall include in its annual report under (b) of this section an estimate of the investment activity of the corporation in mortgage loans under this chapter for the following 12-month period and an estimate of the amount of bonds to be issued for the investments. (d) The corporation shall include in its annual report under (b) of this section (1) a report of its activities under (A) AS 18.55.010 - 18.55.290 (Housing Project and Public Building Assistance Act); (B) AS 18.55.300 - 18.55.470 (programs of moderate income and rental housing); (C) AS 18.55.480 - 18.55.960 (Slum Clearance and Redevelopment Act); (2) a summary of its efforts to implement a program to extend the operation of the programs authorized under AS 18.55 and this chapter to rural communities; (3) an evaluation of the corporation's ability to fulfill the objectives of AS 18.56.010(b) - (e); and (4) the amount of interest rate, building, and other subsidies for each program of the corporation for which subsidies are given.
AK Stat § 18.56.205 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.205. Residential mortgage assistance for members of the Alaska delegation to Congress.

The corporation may extend the special mortgage loan purchase program under AS 18.56.098 to purchase a mortgage loan made for the purchase or rehabilitation of a residence located in the District of Columbia or within 50 miles of the District of Columbia to a member of the United States Congress from Alaska if the member is otherwise qualified for assistance under the special mortgage loan purchase program.