Section 06.50.480. Rescission.

Latest version.

A person who receives an advance may rescind an advance without cause and without cost, except for the nonrefundable origination fee, at any time before the close of business on the business day following the day on which the advance was made by paying the principal amount of the advance to the licensee in cash or other immediately available funds.

Authorities

6.50.530

Notes

References

AS 6.50.530 .530">Sec. 06.50.530. Payment by advance recipient.

History

(Sec. 3 ch 116 SLA 2004)

                    
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