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CSSB 221(FIN): "An Act relating to negatively amortizing loans secured by owner-occupied real property originated under a program approved or sponsored by the state or federal government, including congressionally chartered national corporations." 

00CS FOR SENATE BILL NO. 221(FIN)                                                                                       
01 "An Act relating to negatively amortizing loans secured by owner-occupied real                                          
02 property originated under a program approved or sponsored by the state or                                               
03 federal government, including congressionally chartered national corporations."                                         
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                               
05    * Section 1.  AS 45.45.010(f) is amended to read:                                                                  
06  (f)  A bank, credit union, savings and loan institution, pension fund, insurance                                      
07 company ,  or mortgage company may not require or accept any percent of ownership                                     
08 or profits above its interest rate.  This subsection does not apply to a loan if the                                    
09 principal amount of the loan is $1,000,000 or more and the term of the loan is five                                     
10 years or more , or to a negatively amortizing loan secured by owner-occupied real                                      
11 property originated under a program approved or sponsored by the state or                                               
12 federal government, including congressionally chartered national corporations .