Payday Loans in Alaska

by admin on March 5, 2008

Payday loans in Alaska are generally permited under Alaska Code Section 06.50.010A.  The loan amount cannot exceed $500, and a licensed payday lender may only charge a nonrefundable origination fee in an amount not to exceed $5; and a fee that does not exceed $15 for each $100 of an advance, or 15 percent of the total amount of the advance, whichever is less.

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