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Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 50. Deferred Deposit Advances
Section 430. Prohibition On Collateral and Services.
previous: Section 420. Prohibition On Dividing Advance Amount or Increasing Number of Advances.
next: Section 440. Duration of Advances.

AS 06.50.430. Prohibition On Collateral and Services.

The licensee may not accept collateral or services as security for or payment of an advance.

Note to HTML Version:

This version of the Alaska Statutes is current through December, 2004. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.

Last modified 9/3/2005