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.
Alaska Legal Code