Alaska Statutes: AS 45.25.630. Discharged Amounts in Motor Vehicle Leases.

Alaska Statutes. Title 45. Trade and Commerce Chapter 25. Motor Vehicle Transactions Section 630. Discharged Amounts in Motor Vehicle Leases.

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AS 45.25.630. Discharged Amounts in Motor Vehicle Leases.

(a) Notwithstanding another provision of law to the contrary, if the amount to be paid by a lessee under a motor vehicle lease includes a discharged amount, the inclusion of the discharged amount in the amount to be paid under the lease is not a loan of the discharged amount and is not subject to any law that regulates the disclosure of interest, the charging of interest, the amount of interest rates, or the lending of money.
(b) In this section, "discharged amount" means the amount, if any, that the lessor agrees to pay to discharge an outstanding obligation of the lessee under an existing motor vehicle agreement, loan, installment sales contract, or lease.

Article 06. GENERAL PROVISIONS

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