Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 12 - Small Loans
3 AAC 12.070 - Maintenance of records

Universal Citation: 3 AK Admin Code 3 AAC 12.070

Current through February 24, 2025

(a) Each licensee shall install and maintain in his or her place of business such books, accounts, and records as will lend themselves readily to inspection, examination and audit. If other businesses are conducted in the same office, he or she shall maintain separate books and records pertaining to the loan business.

(b) No licensee may, however, conduct any other type of business in association or conjunction with the loan business except as may be authorized in writing by the department. If another business, not authorized under AS 06.20, is conducted in the same office, the licensee shall fairly and equitably allocate all expenses so that the books relating to the licensee's business under AS 06.20 will fairly reflect expenses of conducting that business.

Authority:AS 06.20.160

AS 06.20.180

AS 06.20.210

AS 06.20.340

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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