- Alaska Statutes.
- Title 45. Trade and Commerce
- Chapter 35. Lease-Purchases of Personal Property
- Section 30. Late Fees.
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. Maintenance and Warranties.
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. Prohibited Provisions.
AS 45.35.030. Late Fees.
- (a) A lessor may not charge a consumer more than $5 for each payment that is late under a lease-purchase agreement.
- (b) When calculating time for the purpose of determining whether a lease payment is late and subject to a late fee under a
lease-purchase agreement, a lessor may not include any period of time when the personal property has been repossessed
by the lessor or voluntarily surrendered by the consumer.
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