GroundRules
AS 06.50.470: Renewal of advance.
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) The minimum term of a renewal of an advance is 14 days.
(b) A licensee may not renew an advance more than two consecutive times, after which the licensee shall require the advance recipient to repay the advance in full.
(c) A licensee may not renew an advance for fees greater than the fees under AS 06.50.460(a).
Collected 2026-09-02T06:16:15Z. Source file · JSON