(a) Notwithstanding any other law, the service charge included in a retail installment contract, retail charge agreement, revolving charge agreement, or other retail charge agreement must be at the rate agreed upon by the retail seller and the buyer.
(b) This section does not limit or restrict the method of computing the service charge, whether by way of add-on, simple interest, or otherwise, so long as that method is disclosed in the contract and agreed upon by the retail seller and the buyer.
Structure Alaska Statutes
Chapter 10. Alaska Retail Installment Sales Act
Sec. 45.10.010. The contract document.
Sec. 45.10.030. Contents of contract.
Sec. 45.10.040. Other documents.
Sec. 45.10.050. Catalog or printed solicitation.
Sec. 45.10.060. Signing of incomplete contracts.
Sec. 45.10.080. Delinquency, collection, and other charges; other contract provisions.
Sec. 45.10.090. Receipts and requests for statements.
Sec. 45.10.100. Consolidation of contracts.
Sec. 45.10.110. Notice of service charge and monthly statement.
Sec. 45.10.120. Extent of service charge.
Sec. 45.10.140. Agreement not to assert claim or defense.
Sec. 45.10.150. Nonwaiver of chapter.
Sec. 45.10.160. Contracts and agreements executed before 1963.
Sec. 45.10.170. Action by attorney general.
Sec. 45.10.180. Assurance of discontinuance.
Sec. 45.10.190. Barring recovery for noncompliance.
Sec. 45.10.200. Penalty for violation of order or injunction.
Sec. 45.10.210. Penalty for violation of chapter.