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Title 20 . Miscellaneous Boards and Commissions
Chapter 15 . Mental Health Trust Authority
Section 975. Collection costs

20 AAC 15.975. Collection costs

The borrower or cosigner, if any, shall pay the costs incurred in the collection of a delinquent loan. Costs of collection may include

(1) court filing costs;

(2) attorney fees;

(3) for a loan transferred to a collection agency, the fees charged by that agency; and

(4) for a loan that has not been transferred to a collection agency, a monthly late fee of $15 while the loan is 45 or more days past due or in default.

History: Eff. 12/4/96, Register 140; am 3/15/98, Register 145; am 4/20/2000, Register 154

Authority: AS 14.43.105

AS 14.43.120

AS 14.43.320

AS 14.43.630

AS 14.43.640

AS 14.43.730

AS 14.43.740

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Last modified 7/05/2006