(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.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 20. Alaska Small Loans Act
Article 4. Business Practices.
Sec. 06.20.200. Advertising of misleading statements prohibited.
Sec. 06.20.210. Use of premises restricted.
Sec. 06.20.220. Transactions limited to licensed premises.
Sec. 06.20.230. Maximum interest permitted.
Sec. 06.20.240. Loans for purpose of obtaining higher interest.
Sec. 06.20.250. Payments and interest.
Sec. 06.20.260. Charges prohibited.
Sec. 06.20.270. Requirements for making and payment of loans.
Sec. 06.20.280. Maximum charge by licensee.
Sec. 06.20.285. Open-end loans.
Sec. 06.20.287. Insurance on open-end loans.
Sec. 06.20.290. Purchase of wages or other compensation for $25,000 or less.