Section 08.76.210. Finance fee.

Latest version.

   (a) Except as provided in AS 08.76.280, for each 30-day period of a pawn transaction, including a grace period, a pawnbroker may charge a pledgor a finance fee of $5 or an amount that equals interest at a rate that does not exceed 20 percent of the amount financed, whichever amount is greater.
   (b) A finance fee is considered to be earned on the day that the pawn transaction is entered into and on the first day of each subsequent 30-day period of the pawn transaction.

Authorities

8.76.200; 8.76.590

Notes

References

AS 8.76.200 .200">Sec. 08.76.200. Transaction agreement.
AS 8.76.590 .590">Sec. 08.76.590. Definitions.

History

(Sec. 5 ch 49 SLA 2010)

                    
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