A loan of the amount or value of $25,000 or less for which a greater rate of interest, consideration, or charge than is permitted by this chapter has been charged, contracted for, or received, wherever made, may not be enforced in the state, and every person participating in such a loan in the state is […]
(a) A licensee or lender who, in the making or collection of a loan contract, does any act that violates AS 06.20.230 – 06.20.260 or 06.20.280 – 06.20.310 shall at the option of the commissioner reimburse the portion of the interest and charges in excess of that provided in those sections, or, in the case […]
(a) [Repealed, § 55 ch 75 SLA 2002.] (b) This chapter does not apply to individual loans by (1) pawnbrokers where separate and individual loans do not exceed $750; in this paragraph, “pawnbroker” means a person who is regulated under AS 08.76.100 – 08.76.590; or (2) loan shops where separate and individual loans do not […]
(a) The department may adopt general regulations and make specific rulings, demands, and findings consistent with this chapter as may be necessary for the proper conduct of business and the enforcement of this chapter. (b) All notices required or authorized by this chapter to be given or served by the department may be given or […]
This chapter may be modified, amended, or repealed so as to effect a cancellation or alteration of a license or right of a licensee hereunder, but the cancellation or alteration may not impair or affect the obligation of a pre-existing lawful contract between a licensee and a borrower.
In this chapter, unless the context otherwise requires, (1) “commissioner” means the commissioner of commerce, community, and economic development or a designee of the commissioner; (2) “department” means the Department of Commerce, Community, and Economic Development; (3) “open-end loan” means a loan made by a licensee under this chapter under an agreement between the licensee […]
This chapter may be cited as the Alaska Small Loans Act.
