Alaska Stat. § 06.50.420
This is the official text of Alaska Stat. § 06.50.420, part of Alaska’s Stat — part of the compiled statutory law of Alaska, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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Prohibition on dividing advance amount or increasing number of advances.
Official statutory text
A licensee may not induce or permit an advance recipient to divide the amount of an advance, or to become obligated, directly, contingently, or both, for more than one advance at the same time, if the purpose or result is to obtain additional origination fees under AS 06.50.460 (a)(1).
Status: in_force · Read it on the official government site
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