Alaska Administrative Code (Last Updated: January 12, 2017) |
Title 3. Commerce, Community, and Economic Development. |
Part 3.1. Banking, Securities, Small Loans and Corporations. |
Chapter 3.07. Premium Finance Companies. |
Article 3.07.4. Loans, Payments, and Refunds. |
Section 3.07.355. Notice of delinquency charges.
Latest version.
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(a) If a borrower is assessed delinquency charges, the licensee shall give the borrower written notice of the amount of the assessment within 10 days of the assessment. (b) If a licensee assesses the allowable delinquency charges under AS 06.40.130, the licensee shall disclose the terms of the delinquency charges in the premium finance agreement.
Authorities
06.40.130;06.40.180