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2017 Alaska Statutes
Title 8. Business and Professions
Chapter 76. Pawnbrokers and Secondhand Dealers
Article 2. Licensing and Regulation of Pawnbrokers
Sec. 08.76.210. Finance fee.
Universal Citation: AK Stat § 08.76.210 (2017)
(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.
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