A licensee shall post a notice in each business location that discloses the fees that the licensee charges for advances. The fees in the notice must be expressed as a dollar amount, as an annual percentage rate for 14 days for each $100, and as an annual percentage rate for 30 days for each $100. The notice must also contain any other reasonably necessary information required by the department by regulation. The notice shall be posted so that it is conspicuous to an advance recipient or a potential advance recipient. The lettering in the notice must be legible and at least one inch in height.
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.