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Terms Used In Alaska Statutes 14.43.151

If a judgment in favor of the commission has not been entered by the court regarding a defaulted loan awarded under this chapter, the commission may establish a duty to repay the defaulted loan through a collection order using the procedures prescribed in Alaska Stat. § 14.43.15214.43.155 and may enforce the collection order. Action under this section may be undertaken at the commission’s discretion if the borrower is in default under Alaska Stat. § 14.43.145.