{"data":{"id":"us-ak/as-06.05.209","jurisdiction":"us-ak","citation":"AS 06.05.209","heading":"Credit cards.","body":"(a) A bank is not prohibited from issuing unsolicited credit cards or other similar credit granting devices but the bank may not hold the customer liable for charges made on a credit card or other device before its acceptance by the customer. Before an unsolicited card is considered accepted by the customer, the customer shall execute and furnish to the bank a written statement of acceptance.\n(b) A state bank may issue a credit card or other similar credit granting device to a customer for obtaining money, goods, services, or anything else of value, and, notwithstanding AS 45.45.010, the state bank, when credit is extended under this section, may impose a service charge at a monthly rate as agreed upon by contract between the state bank and the customer receiving the credit granting device.\n(c) In addition to charges authorized under (b) of this section, a bank may charge an annual fee for the issuance of a credit card or other similar credit granting device.","path":["Title 6. Banks and Financial Institutions.","Chapter 05. Alaska Banking Code.","Article 3. Reserves, Loans, Investments, Bank Service Corporations, Practices, and Services."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.05.209","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"352885e2f6e86c01d96d96859ba3584c5be609802fb7bbae58b315ad8eb7a433","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.05.208","next":"us-ak/as-06.05.210"},"notice":"GroundRules: Original legal text. Not legal advice."}