{"data":{"id":"us-ak/as-44.33.965","jurisdiction":"us-ak","citation":"AS 44.33.965","heading":"Limitations on loans.","body":"(a) The department may use money from the Alaska microloan revolving loan fund to make loans of up to $35,000 to a person or loans of up to $70,000 to two or more persons.\n(b) A loan under AS 44.33.950 — 44.33.990\n(1) may not exceed a term of 12 years, except for extensions under AS 44.33.955;\n(2) may not bear interest at a rate greater than the prime rate, as defined in AS 44.88.599, plus two percentage points, but that may not be less than four percent a year or more than eight percent a year;\n(3) must be secured by collateral acceptable to the commissioner; and\n(4) may not be made to a person who has a past due child support obligation established by court order or by the child support services agency under AS 25.27.160 — 25.27.220 at the time of application.","path":["Title 44. State Government.","Chapter 33. Department of Commerce, Community, and Economic Development.","Article 17. Alaska Microloan Revolving Loan Fund."],"source_url":"https://www.akleg.gov/basis/statutes.asp#44.33.965","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:34Z","sha256":"87470f751f146e3180b9c62d7d7a155aaabb7863e3769602afc5d5ee29be7df8","source_id":"us-ak","stale":false,"prev":"us-ak/as-44.33.960","next":"us-ak/as-44.33.970"},"notice":"GroundRules: Original legal text. Not legal advice."}