Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 50. Deferred Deposit Advances
Section 470. Renewal of Advance.
previous: Section 460. Fees.
next: Section 480. Rescission.

AS 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 under AS 06.50.460 (a).

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