Alaska Statutes Sec. 06.20.300 - Maximum Charges by Nonlicensee on Loans

(a) Except as authorized in this chapter, a person may not directly or indirectly charge, contract for, or receive any interest, discount, or consideration greater than that which the person would be permitted by law to charge if the person were not a licensee, upon the loan, use, or forbearance of money, goods, or things in action, or upon the loan, use, or sale of credit of the amount or value of $25,000 or less.

(b) The provisions of (a) of this section apply to any person who, by any device, subterfuge, or pretense whatsoever charges, contracts for, or receives greater interest, consideration, or charges than are authorized by this chapter.

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  

Last modified: November 15, 2016