GroundRules
AS 06.50.420: Prohibition on dividing advance amount or increasing number of advances.
Where this section sits in the code
- Title 6. Banks and Financial Institutions.
- Chapter 50. Deferred Deposit Advances.
- Article 4. Licensee Practices and Recipient Rescission and Payment.
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).
Collected 2026-09-02T06:16:15Z. Source file · JSON