Sec. 06.50.090. Denial of license or renewal.
(a) If the department determines that an applicant is not qualified to receive a license or a license renewal, the department shall notify the applicant in writing within 20 days that the application has been denied and state the basis for the denial. (b) The decision of the department to deny an application or a […]
Sec. 06.50.470. Renewal of advance.
(a) The minimum term of a renewal of an advance is 14 days. (b) A licensee may not renew an advance more than two consecutive times, after which the licensee shall require the advance recipient to repay the advance in full. (c) A licensee may not renew an advance for fees greater than the fees […]
Sec. 06.50.200. Transfer or assignment.
Except for the transfer of a license to a new location under AS 06.50.220, a licensee may not transfer or assign the licensee’s license.
Sec. 06.50.480. Rescission.
A person who receives an advance may rescind an advance without cause and without cost, except for the nonrefundable origination fee, at any time before the close of business on the business day following the day on which the advance was made by paying the principal amount of the advance to the licensee in cash […]
Sec. 06.50.210. Change in control.
The prior written approval of the department is required for the continued operation of a licensee’s deferred deposit advance business when a change in control of the licensee is proposed. The department may require the information it considers necessary to determine whether a new application is required. The licensee requesting approval of the change in […]
Sec. 06.50.220. Change in location or name.
A licensee shall notify the department in writing at least 15 days before any proposed change in the licensee’s business location or name, and shall provide the department with the information described in AS 06.50.030(a).
Sec. 06.50.230. Conduct of other business.
A licensee may conduct other business at a location where it engages in making advances unless it conducts the other business for the purpose of evading or violating the provisions of this chapter.
Sec. 06.50.300. Suspension or revocation of license.
(a) The department may suspend or revoke a license under AS 44.62 (Administrative Procedure Act) if the department finds that (1) the licensee has failed to pay the license fee, failed to maintain the required bond in effect, or failed to comply with a demand, ruling, or requirement of the department made under this chapter; […]
Sec. 06.50.310. Reports to department.
(a) On or before March 15 of each year, a licensee shall file with the department a composite annual report for the preceding calendar year in the form prescribed by the department relating to all advances made by the licensee. The department may require that the report be submitted under oath or affirmation, or with […]
Sec. 06.50.320. Records.
(a) A licensee shall maintain all records relating to this chapter at the location for which the licensee has a license. The records must conform to generally accepted accounting principles and practices in a manner that will enable the department to determine whether the licensee is complying with the provisions of this chapter. The department […]