(a) Except as provided in AS 08.76.280 , for each 30-day period of a pawn transaction, including a grace period, a pawnbroker may charge a pledgor a finance fee of $5 or an amount that equals interest at a rate that does not exceed 20 percent of the amount financed, whichever amount is greater.
(b) A finance fee is considered to be earned on the day that the pawn transaction is entered into and on the first day of each subsequent 30-day period of the pawn transaction.
Section: Previous 08.76.130 08.76.140 08.76.160 08.76.170 08.76.180 08.76.190 08.76.200 08.76.210 08.76.220 08.76.230 08.76.240 08.76.250 08.76.260 08.76.270 08.76.280 NextLast modified: November 15, 2016