Section 06.50.420. Prohibition on dividing advance amount or increasing number of advances.

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A licensee may not induce or permit an advance recipient to divide the amount of an advance, or to become obligated, directly, contingently, or both, for more than one advance at the same time, if the purpose or result is to obtain additional origination fees under AS 06.50.460(a)(1).

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(Sec. 3 ch 116 SLA 2004)

                    
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