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Title 3 . Commerce, Community, and Economic Development
Chapter 7 . Land Sales
Section 210. Advertising loan costs

3 AAC 07.210. Advertising loan costs

(a) All advertising, including but not limited to, premium finance agreements and examples or tables of fixed periodic payment plans must include all charges to the borrower as well as interest and principal. A statement of the annual percentage rate must be clearly disclosed in a premium finance agreement.

(b) No advertisement may include reference to any average prepayment period or an average cost of a loan.

History: Eff. 4/28/79, Register 70

Authority: AS 06.40.090

AS 06.40.180

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Last modified 7/05/2006