1998 Alaska Statutes
Title 06 BANKS AND FINANCIAL INSTITUTIONS
Chapter 06.20. ALASKA SMALL LOANS ACT
Sec. 06.20.010. License required.
A person may not engage in the business of making loans of money, credit, goods, or things in action in the amount or of the value of $25,000 or less and charge, contract for, or receive on the loan a greater rate of interest, discount, or consideration than the lender would be permitted by law to charge if the person were not a licensee under this chapter, except as authorized by this chapter and without first obtaining a license from the department.
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