Section 20.14.055. Late fees.

Latest version.

If an installment on a loan is 30 days or more past due on the loan's payment schedule, the corporation may require the loan borrower to pay a late fee of up to $15 for the installment. If a deferment of payment on a loan is approved under 20 AAC 15.965, the corporation may waive the late fee. This section applies to a loan that the corporation has originated, purchased, or participated in purchasing under AS 14.42.200.

Authorities

14.42.150;14.42.200

Notes

Authority
 AS 14.42.150  
AS 14.42.200  
Editor's note: Before July 31, 2016, the substance of 20 AAC 14.055 was contained in former 20 AAC 15.810. The history note for 20 AAC 14.055 does not reflect the history of the section under its former number.  
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History Eff. 7/31/2016, Register 219

References

20.14.055;20.15.810

                    
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