A licensee may not induce or permit an advance recipient to divide the amount of an advance, or to become obligated, directly, contingently, or both, for more than one advance at the same time, if the purpose or result is to obtain additional origination fees under AS 06.50.460(a)(1).
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.