A licensee may not induce or permit a person, or a husband and wife jointly or severally, to split up or divide a loan or to become obligated, directly or contingently or both, under more than one loan contract at the same time, for the purpose or with the result of obtaining a higher rate of interest than would otherwise be permitted by AS 06.20.230 . However, a licensee may enter into new or different loan transactions with the borrower or the borrower's spouse at a different time so long as the purpose of the additional transaction does not violate this section.
Section: Previous 06.20.200 06.20.210 06.20.220 06.20.230 06.20.240 06.20.250 06.20.260 06.20.270 06.20.280 06.20.285 06.20.287 06.20.290 06.20.300 NextLast modified: November 15, 2016