Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 07 - Premium Finance Companies
Article 3 - Advertising
3 AAC 07.210 - Advertising loan costs

Universal Citation: 3 AK Admin Code 07.210

Current through February 24, 2025

(a) All advertising, including but not limited to, premium finance agreements and examples or tables of fixed periodic payment plans must include all charges to the borrower as well as interest and principal. A statement of the annual percentage rate must be clearly disclosed in a premium finance agreement.

(b) No advertisement may include reference to any average prepayment period or an average cost of a loan.

Authority:AS 06.40.090

AS 06.40.180

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