Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 12 - Small Loans
3 AAC 12.290 - Advertising all costs of loan
Universal Citation: 3 AK Admin Code 3 AAC 12.290
Current through February 24, 2025
When examples or tables of periodic payments under a flat payment plan are advertised, they shall include all charges to the borrower as well as interest and principal. If only principal and interest payments are advertised, a clear statement of the rate of charge or the total amount of charge shall also be included. In all such advertising, the total number and frequency of payments must be specified. No advertising shall include average repayments or average cost of a loan.
Authority:AS 06.20.200
AS 06.20.340
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