Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 50. Deferred Deposit Advances
Section 520. Payment By Licensee.
previous: Section 510. Required Disclosures Before Disbursement.
next: Section 530. Payment By Advance Recipient.

AS 06.50.520. Payment By Licensee.

(a) A licensee may give an advance recipient the amount of the advance in cash, by the licensee's business check, by a money order, or by a reasonable electronic payment mechanism, including an electronic funds transfer to the advance recipient's account.

(b) A licensee may not use another form of payment than the form of payment authorized in (a) of this section to make an advance to an advance recipient. In this subsection, "another form of payment" includes coupons, merchandise, services, or chattel of any kind.

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