1998 Alaska Statutes
Title 06 BANKS AND FINANCIAL INSTITUTIONS
Chapter 06.20. ALASKA SMALL LOANS ACT
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.
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