Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 07 - Premium Finance Companies
Article 4 - Loans, Payments, and Refunds
3 AAC 07.355 - Notice of delinquency charges
Universal Citation: 3 AK Admin Code 07.355
Current through February 24, 2025
(a) If a borrower is assessed delinquency charges, the licensee shall give the borrower written notice of the amount of the assessment within 10 days of the assessment.
(b) If a licensee assesses the allowable delinquency charges under AS 06.40.130, the licensee shall disclose the terms of the delinquency charges in the premium finance agreement.
Authority:AS 06.40.130
AS 06.40.180
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