Renewal of advance.

  1. Law
  2. Alaska Statutes
  3. Banks and Financial Institutions
  4. Deferred Deposit Advances
  5. Licensee Practices and Recipient Rescission and Payment.
  6. Renewal of advance.

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(a) The minimum term of a renewal of an advance is 14 days.

(b) A licensee may not renew an advance more than two consecutive times, after which the licensee shall require the advance recipient to repay the advance in full.

(c) A licensee may not renew an advance for fees greater than the fees under AS 06.50.460(a).


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