Alaska Administrative Code
Title 20 - Miscellaneous Boards and Commissions
Chapter 15 - Student Financial Aid
Article 11 - General Provisions
20 AAC 15.975 - Collection costs
Universal Citation: 20 AK Admin Code 20 AAC 15.975
Current through November 28, 2024
The borrower or cosigner, if any, shall pay the costs incurred in the collection of a delinquent loan. Costs of collection may include
(1) court filing costs;
(2) attorney fees;
(3) for a loan transferred to a collection agency, the fees charged by that agency; and
(4) for a loan that has not been transferred to a collection agency, a monthly late fee of $15 while the loan is 45 or more days past due or in default.
Authority:AS 14.43.105
AS 14.43.120
AS 14.43.320
AS 14.43.630
AS 14.43.640
AS 14.43.730
AS 14.43.740
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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