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Alaska Stat. §§ 06.50.010

Loan Terms

Maximum Loan Amount: 500

Loan Term: min. 14 days

Maximum Finance Rate and Fees: Test Max Finance Rate

Finance Charge for 14-day $100 Loan: 20

APR for 14-day $100 Loan: 521%

Collection Limits

Collection Fees: $30 NSF fee (see Alaska Stat. 09.68.115). The licensee may initiate a court action against a defaulting recipient to recover damages and costs allowed under AS 09.68.115 if the licensee has complied with (a) of this section. Notwithstanding AS 09.68.115, the total of all damages and costs, including damages recovered under AS 09.68.115(a), may not exceed the amount of the payment by $700 (Alaska Stat. §06.50.550(b)).

Criminal Action: A licensee may not threaten an advance recipient with criminal action as a result of the recipient’s default. §06.50.560