Section 06.50.470. Renewal of advance.

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   (a) The minimum term of a renewal of an advance is 14 days.
   (b) A licensee may not renew an advance more than two consecutive times, after which the licensee shall require the advance recipient to repay the advance in full.
   (c) A licensee may not renew an advance for fees greater than the fees under AS 06.50.460(a).

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(Sec. 3 ch 116 SLA 2004)

                    
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