Prohibition on dividing advance amount or increasing number of advances.

  1. Law
  2. Alaska Statutes
  3. Banks and Financial Institutions
  4. Deferred Deposit Advances
  5. Licensee Practices and Recipient Rescission and Payment.
  6. Prohibition on dividing advance amount or increasing number of advances.

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A licensee may not induce or permit an advance recipient to divide the amount of an advance, or to become obligated, directly, contingently, or both, for more than one advance at the same time, if the purpose or result is to obtain additional origination fees under AS 06.50.460(a)(1).


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