Sec. 08.76.210. Finance fee.
91 words·~1 min read·
/ak/title-8/chapter-76/08-76-210A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 08.76.210. Finance fee.
(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.