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Title 3 . Commerce, Community, and Economic Development
Chapter 12 . Land Sales
Section 290. Advertising all costs of loan

3 AAC 12.290. Advertising all costs of loan

When examples or tables of periodic payments under a flat payment plan are advertised, they shall include all charges to the borrower as well as interest and principal. If only principal and interest payments are advertised, a clear statement of the rate of charge or the total amount of charge shall also be included. In all such advertising, the total number and frequency of payments must be specified. No advertising shall include average repayments or average cost of a loan.

History: In effect before 7/28/59

Authority: AS 06.20.200

AS 06.20.340

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Last modified 7/05/2006