OPINION
ON REHEARING
Before BURKE, C.J., RABINOWITZ, and COMPTON, JJ., DIMOND, Senior Justice,* and CARLSON, Superior Court Judge.** BURKE, Chief Justice.Willie Ratcliff appeals from a summary judgment in favor of Security National Bank [SNB], which resulted in the dismissal of his counterclaim against SNB. The legal issue we must resolve is whether the superi- or court erred when it granted SNB’s motion for summary judgment.
On various dates in 1978, Ratcliff borrowed money from SNB. In exchange, he signed two promissory notes. SNB sued Ratcliff on June 7,1979, for money owed on the two notes. Ratcliff, without the aid of an attorney, filed an answer and counterclaim on July 9, 1979. In the counterclaim, he alleged that SNB had made several promises to him regarding credit before he signed the notes. He further alleged that SNB had breached these promises as retaliation against him because he had sought to obtain local and state government contracting and employment for minorities and had also sought to enforce against financial institutions equal opportunity in lending.
Ratcliff also alleged that SNB had racially discriminated against him in credit transactions:
Defendant brings this counterclaim ... because he believes plaintiff has discriminated against him on the basis of his race (Black) in violation of AS 18.80.250. Plaintiff has denied to defendant the terms, conditions, and privileges in the use of its financial assistance usually offered to Whites whose creditworthiness is similar to defendant’s.
AS 18.80.250 declares racial discrimination in credit transactions by financial institutions to be unlawful.1
*1141On March 27, 1980, SNB moved for summary judgment on the counterclaim on the grounds that: (1) the parol evidence rule barred evidence of the promises SNB allegedly had made to Ratcliff; (2) even if the parol evidence rule did not bar evidence of the promises, there was still no evidence of discrimination; and (3) a party could not bring a civil action to redress a violation of AS 18.80.250.
Only after SNB moved for summary judgment did Ratcliff retain counsel. At the hearing on the summary judgment motion held on June 6, 1980, Ratcliffs attorney did not respond to SNB’s argument that AS 18.80.250 did not give rise to a private right of action. Rather, she indicated a desire to amend the counterclaim to include AS 18.80.2002 and AS 18.80.210,3 two statutory sections that she argued would give rise to a private right of action for racial discrimination in credit transactions.
On June 17, Ratcliff’s attorney filed a written motion to amend the counterclaim, but neglected to attach the proposed amended counterclaim. SNB opposed the motion. On June 26, she again filed a written motion to amend, this time attaching the proposed amended counterclaim. The proposed amendment asserted claims under AS 18.80.200 and AS 18.80.210, in addition to AS 18.80.250. The addition of sections 200 and 210 was the only significant change from the counterclaim initially pleaded. On the same day that Ratcliff submitted this second written motion to amend, the superior court granted summary judgment to SNB and dismissed the counterclaim with prejudice. The second motion, which was also opposed by SNB, was never ruled upon by the court.
While the trial judge never explicitly ruled on any of Ratcliff’s motions to amend, it is clear that they were denied sub silentio. However, we need not reach the issue of whether the trial court abused its discretion in denying Ratcliff’s motion to amend. We hold that AS 18.80.250 creates a private right of action and that material issues of fact remained to be resolved under the AS 18.80.250 cause of action contained in Ratcliff’s unamended counterclaim.4
AS 22.10.020(c) provides in part:
*1142A person who is injured or aggrieved by an act, practice, or policy which is prohibited under AS 18.80 ... may apply to the superior court for relief. The person aggrieved or injured may maintain an action on his own behalf .... The court may enjoin any act, practice or policy which is illegal under AS 18.80 ... and may order any other relief, including the payment of money, that is appropriate.
Pursuant to AS 22.10.020(c), AS 18.80.250 would create a private right of action to redress racial discrimination in credit transactions if it prohibited such discrimination. It is clear that section 250 does precisely that. Consequently, Ratcliff may bring a private right of action against SNB under AS 18.80.250.
The reasoning contained in Loomis Electronic Protection, Inc. v. Shaefer, 549 P.2d 1341 (Alaska 1976) supports our conclusion that AS 18.80.250 gives rise to a private right of action. In Loomis, a prospective employee brought a civil action alleging that an employer had violated AS 18.80.220(a)(1) by refusing to hire her because of her sex. Although the precise question facing us in Loomis was whether the parties were entitled to a jury trial, we implicitly recognized an individual’s right to bring a civil action under AS 18.80.220. There are no substantive differences between AS 18.80.220 and AS 18.80.250 which would justify permitting a private action under the former section but not the latter.5
We next must decide whether the trial court erred in granting summary judgment against Ratcliff on his counterclaim in light of our conclusion that AS 18.80.250 gives rise to a private cause of action.
Upon filing a motion for summary judgment, SNB had the burden of showing that the case presented no material issues of fact and that the law required judgment in its favor. To discharge this burden, SNB, as movant, had to submit admissible evidence supporting its version of the facts. Brock v. Rogers & Babler, Inc., 536 P.2d 778, 782 (Alaska 1975). Until SNB had properly carried its burden, Ratcliff was not obligated to respond to the summary judgment motion with any affidavits or other evidence. Adickes v. S.H. Kress & Co., 398 U.S. 144, 160, 90 S.Ct. 1598, 1609, 26 L.Ed.2d 142, 155 (1970); Impossible Electronics Techniques, Inc. v. Wackenhut Protective Systems, Inc., 669 F.2d 1026, 1031 (5th Cir. 1982).
SNB, however, failed to shoulder its burden. In support of its motion, SNB submitted an affidavit by a collections officer concerning one of the promissory notes at issue in the case. SNB did not deny discriminating against Ratcliff. Rather SNB argued in its memorandum supporting its summary judgment motion, that as a matter of law, regardless of the facts asserted by Ratcliff, it was entitled to judgment, since AS 18.80.250 did not provide a private right of action. SNB’s failure to controvert Ratcliff’s version of the facts, released Ratcliff from the obligation to support his assertions of fact with competent evidence under Civil Rule 56(e).6
*1143A similar situation occurred in Bernard v. Gulf Oil Co., 596 F.2d 1249, 1255 (5th Cir. 1979), adopted in pertinent part on rehearing en banc, 619 F.2d 459 (5th Cir.1980), aff’d on other grounds, 452 U.S. 89, 101 S.Ct. 2193, 68 L.Ed.2d 693 (1981). There, an employer was sued under Title VII and 42 U.S.C. § 1981 for racial discrimination. The employer, in support of its motion for summary judgment, failed to deny that it was discriminating against black employees. In response to the employer’s assertion that the employees failed to support their allegation of racial discrimination the court stated:
If the movant wishes to dispute the allegations of the complaint, he must do so through affidavits ... or other evidence. Unless and until the movant initially provides factual support for the summary judgment motion, the opposing party has no duty to respond to the motion or to present opposing evidence.
596 F.2d at 1255.
For purposes of deciding the summary judgment motion, the trial court should have drawn all inferences in favor of the non-moving party, and assumed that Rat-cliff’s allegations of racial discrimination were true. Clabaugh v. Bottcher, 545 P.2d 172, 175 n. 5 (Alaska 1976). The trial court’s sole task was to assess whether SNB was entitled to judgment on Ratcliff’s AS 18.80.250 counterclaim in light of the alleged racial discrimination. We hold that the trial court erred in granting the summary judgment. Ratcliff’s counterclaim was sufficient in that it set forth a prima facie showing of entitlement for relief under AS 18.80.250.
The superior court’s judgment is therefore REVERSED and the case REMANDED for further proceedings.
. AS 18.80.250 provides in part:
(a) It is unlawful for a financial institution or other commercial institution extending secured or unsecured credit, upon receiving an application for financial assistance or credit for the acquisition, construction, rehabilitation, repair or maintenance of a housing ac*1141commodation or other property or services, or the acquisition or improvement of unimproved property, or upon receiving an application for any sort of loan of money, to permit one of its officials or employees during the execution of his duties.
(1) to discriminate against the applicant because of ... race ... in a term, condition or privilege relating to the obtainment or use of the institution’s financial assistance or credit ...;
(2) to make or cause to be made a written or oral inquiry or record of the ... race ... of a person seeking the institution’s financial assistance or credit, ....
.AS 18.80.200 reads in relevant part:
(a) It is determined and declared as a matter of legislative finding that discrimination against an inhabitant of the state because of race [and other impermissible factors] is a matter of public concern and that such discrimination not only threatens the rights and privileges of the inhabitants of the state but also menaces the institutions of the state and threatens peace, order, health, safety and general welfare of the state and its inhabitants.
(b) Therefore, it is the policy of the state and the purpose of this chapter to eliminate and prevent discrimination in employment, in credit and financing practices, in places of public accommodation, in the sale, lease, or rental of real property because of race [and other impermissible factors].
. AS 18.80.210 reads:
The opportunity to obtain employment, credit and financing, public accommodations, housing accommodations and other property without discrimination because of sex, marital status, changes in marital status, pregnancy, parenthood, race, religion, color or national origin is a civil right.
. Ratcliff’s statement of points on appeal, while inartfully worded, is sufficiently broad to include this issue. See A.R.C. Industries, Inc. v. State, 551 P.2d 951, 956 n. 12 (Alaska 1976) (where court found that appellant’s statement of points on appeal “impliedly, albeit inarticulately, raised ... design defect issue.”); Hootch v. Alaska State—Operated School System, 536 P.2d 793, 808 n. 58 (Alaska 1975) (where absence of issue in points on appeal not fatal where appellee and court found to be sufficiently informed of the matters in issue by record below); cf. Lewis v. Anchorage Asphalt Paving Co., 535 P.2d 1188, 1195 (Alaska 1975) *1142(where court avoided overly narrow reading of points on appeal). Further, the fact that Rat-cliff did not argue this issue in his briefs does not prevent this court, in its discretion, from reaching the issue. See Whatcom County v. Kane, 31 Wash.App. 250, 640 P.2d 1075, 1076 (1981) (where court held that contentions raised on appeal which were unsupported by relevant argument or citation of authority would be considered if well taken on their face.)
. Ratcliffs counsel on appeal appears to accept SNB’s argument that AS 18.80.250 does not give rise to a private right of action. This court, however, is not bound by the parties’ stipulations as to law. Dresser Industries, Inc. v. Alaska Dept. of Labor, 633 P.2d 998, 1004 (Alaska 1981).
. Had SNB presented competent evidence to controvert Ratcliffs version of the facts, Rat-cliff would not have survived the summary judgment motion. Ignoring the pleadings and memoranda, all Ratcliff had before the court was his affidavit and a statement of genuine issues of fact. The affidavit listed various acts allegedly committed by SNB against Ratcliff. The only information tending to show racial discrimination on the part of SNB was one sentence: “I veritably believe that the plaintiff bank has discriminated against me because of my race.” This however, is not a statement admissible in evidence as required by Civil Rule *114356(e), as it is in opinion form, with no indication of first hand knowledge. Nor did Ratcliff allege any specific facts demonstrating discrimination as required by the rule.