{"data":{"id":"us-ak/as-06.20.240","jurisdiction":"us-ak","citation":"AS 06.20.240","heading":"Loans for purpose of obtaining higher interest.","body":"A licensee may not induce or permit a person, or a husband and wife jointly or severally, to split up or divide a loan or to become obligated, directly or contingently or both, under more than one loan contract at the same time, for the purpose or with the result of obtaining a higher rate of interest than would otherwise be permitted by AS 06.20.230. However, a licensee may enter into new or different loan transactions with the borrower or the borrower's spouse at a different time so long as the purpose of the additional transaction does not violate this section.","path":["Title 6. Banks and Financial Institutions.","Chapter 20. Alaska Small Loans Act.","Article 4. Business Practices."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.20.240","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"c5e4789c167b0692ca794731aff363ca8fae9838937f313583af45b77293c3cb","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.20.230","next":"us-ak/as-06.20.250"},"notice":"GroundRules: Original legal text. Not legal advice."}