A licensee, including a licensee with more than one location, may not make advances to an advance recipient that exceed $500 outstanding in advances to the recipient at one time.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 50. Deferred Deposit Advances
Article 4. Licensee Practices and Recipient Rescission and Payment.
Sec. 06.50.400. Advance agreement.
Sec. 06.50.410. Maximum amount of advances.
Sec. 06.50.420. Prohibition on dividing advance amount or increasing number of advances.
Sec. 06.50.430. Prohibition on collateral and services.
Sec. 06.50.440. Duration of advances.
Sec. 06.50.450. Prohibition on advances on behalf of another.
Sec. 06.50.470. Renewal of advance.
Sec. 06.50.490. Prohibited arbitration requirement.
Sec. 06.50.500. Posted fee notice.
Sec. 06.50.510. Required disclosures before disbursement.
Sec. 06.50.520. Payment by licensee.
Sec. 06.50.530. Payment by advance recipient.