Alaska Statutes 06.50.420 – Prohibition on dividing advance amount or increasing number of advances
Current as of: 2023 | Check for updates
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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 Alaska Stat. § 06.50.460(a)(1).