(a) The department may (1) adopt regulations necessary to carry out its functions under AS 44.29.210 - 44.29.230 and to administer the program required under 42 U.S.C. 300x-4(a), including regulations to establish reasonable fees for services provided, procedures for foreclosure proceedings, and procedures for collecting delinquent accounts; (2) establish amortization plans for the repayment of loans; (3) charge and collect the fees established under this subsection; and (4) contract for the servicing of loans made under AS 44.29.210. (b) [Repealed, § 28 ch 90 SLA 1991.]
Alaska Legal Code