reglab/housing_qa huggingface dataset:
AK Stat § 06.26.905 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 12. Miscellaneous Provisions.|Sec. 06.26.905. Cooperative agreements.

(a) The department may enter into cooperative, coordinating, or information-sharing agreements with other governmental regulators or with an organization affiliated with or representing governmental regulators to handle the periodic examination or other supervision of a trust office that is located in this state and owned by an interstate state trust company or of a trust office that is located in a host state and owned by a trust company. Under the agreements, the department may accept reports of examination and reports of investigation instead of conducting the department's own examinations or investigations. (b) The department may enter into joint enforcement action agreements with other governmental regulators having concurrent jurisdiction over a trust company that is located in this state and owned by an interstate state trust company organized in another state or over a trust office that is located in a host state and owned by a trust company. (c) Notwithstanding the existence of an agreement under this section, the department may at any time make an examination or take independent supervisory or enforcement action if the department determines that the examination or action is necessary or appropriate to carry out the department's responsibilities under this chapter or to ensure compliance with the laws of this state.
AK Stat § 06.26.910 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 12. Miscellaneous Provisions.|Sec. 06.26.910. Appeals.

(a) A person may appeal to the department (1) a denial of an application under AS 06.26.090(e); (2) an order under AS 06.26.120 to increase or adjust capital; (3) a denial under AS 06.26.150 of a change of the location of a home office under AS 06.26.150; (4) a denial under AS 06.26.160 of permission for a trust company to establish a branch office; (5) a denial under AS 06.26.170 of permission to establish or acquire a representative office; (6) a denial under AS 06.26.180(d) of permission to establish an office outside this state; (7) a denial of a private trust company exemption under AS 06.26.200 and 06.26.210; (8) the conditions or limitations established for an exemption under AS 06.26.200(e); (9) the revocation of an exemption under AS 06.26.230; (10) a denial of permission for a private trust company to convert to a trust company under AS 06.26.240; (11) a denial under AS 06.26.470 of an application to acquire control of a trust company; (12) the disapproval under AS 06.26.650 of a conversion, merger, or consolidation; (13) a denial under AS 06.26.840(d) of permission to establish or acquire a trust office in this state; (14) a denial under AS 06.26.850(g) of permission to establish or acquire a representative office in this state; and (15) a denial under AS 06.26.860 of permission for additional trust offices or representative offices. (b) The department shall adopt regulations, consistent with the provisions of this chapter, establishing the procedures for appeals allowed under (a) of this section. (c) The provisions of AS 44.62 (Administrative Procedure Act), including judicial review under AS 44.62.560, apply to an appeal under this chapter to the extent the provisions of AS 44.62 do not conflict with the procedures established under (b) of this section or other provisions of this chapter.
AK Stat § 06.26.920 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 12. Miscellaneous Provisions.|Sec. 06.26.920. Civil enforcement.

The department may bring any appropriate civil court action against a person who the department determines has committed or is about to commit a violation of this chapter.
AK Stat § 06.26.930 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 12. Miscellaneous Provisions.|Sec. 06.26.930. Trust company reports to the department; publication of reports.

(a) A trust company shall make at least four reports of its condition each year to the department as required by and on forms prescribed by the department. Each report shall be signed by a duly authorized officer of the trust company verified by at least one independent director, and each verifying director shall certify under oath that the director has personal knowledge of the facts stated in the report and that the facts are true. Each report must exhibit in detail and under appropriate headings the resources and liabilities of the trust company and must be received by the department within 30 calendar days after the end of the period covered by the report. (b) The department may require that a trust company submit special reports whenever the department considers a report necessary in order to obtain full knowledge of the trust company's condition. (c) In addition to the other reports required by this section, a trust company shall make at least one report of income and dividends to the department each year. The trust company shall submit the report to the department within 30 calendar days after the end of the calendar or fiscal year covered by the report. (d) All of the reports of condition required by this section shall be made available to all customers on request and at no charge to the customer.
AK Stat § 06.26.940 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 12. Miscellaneous Provisions.|Sec. 06.26.940. Remedy of person damaged by violation.

In addition to any other remedies available under law to the person, a person who suffers damages as a result of a violation of this chapter by a person subject to this chapter may bring an action in court against the person violating this chapter to recover the damages. In this section, “person subject to this chapter” means a trust company, a private trust company, an exempt private trust company, a person who is required to obtain a certificate of authority under AS 06.26.090, and an interstate state trust company or international trust company.
AK Stat § 06.26.950 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 12. Miscellaneous Provisions.|Sec. 06.26.950. Limitation on powers.

This chapter does not allow a trust company to engage in banking.
AK Stat § 06.26.960 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 13. General Provisions.|Sec. 06.26.960. Application of laws relating to general business corporations.

(a) Unless expressly authorized by this chapter, a trust company may not take an action that is authorized by AS 10.06 regarding its corporate status, capital structure, or a matter of corporate governance and for which AS 10.06 requires a filing with the department unless the trust company first makes the required filing with the department and receives the department's approval. (b) The department may adopt regulations to alter or supplement the procedures and requirements of AS 10.06 applicable to an act taken under this chapter by a trust company.
AK Stat § 06.26.995 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 26. Revised Alaska Trust Company Act|Article 13. General Provisions.|Sec. 06.26.995. Short title.

This chapter may be cited as the Revised Alaska Trust Company Act.
AK Stat § 06.40.010 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.010. License required.

Except as provided in AS 06.40.020, a person may not engage in the business of entering into premium finance agreements on insurance sold in this state or risks located in this state, either directly or indirectly, or otherwise act as a premium finance company in this state without being licensed by the department.
AK Stat § 06.40.020 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.020. Applicability.

This chapter does not apply to (1) an insurer authorized to transact business in this state with respect to premiums on policies that the insurer issues; (2) a bank, trust company, savings association, or other financial institution subject to the other chapters of this title and authorized to transact business in this state that does not possess or acquire any right, title, or interest with respect to the insurance policy for which the premiums are financed other than in the proceeds of it in the event of loss; (3) the inclusion of a charge for insurance in connection with an installment sale under AS 45.10; and (4) persons licensed under AS 21.27 financing only their own accounts if they are in compliance with AS 21.36.490.
AK Stat § 06.40.030 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.030. Bond.

(a) The applicant shall file with the application a bond to be approved by the department in which the applicant is the obligor, in the sum of $5,000 with one or more sureties. The bond shall be for the use of the state and any person who may have a cause of action against the obligor under this chapter. The bond must state that the obligor will faithfully conform to and abide by the provisions of this chapter and of all regulations lawfully adopted by the department, and will pay to the state and to any person all money that may become due or owing to the state or to the person from the applicant under this chapter. The aggregate liability of the surety for all breaches of the bond condition may not exceed the penal sum of the bond, and the bond may be cancelled by the surety on 30 days notice to the commissioner. (b) If at any time the commissioner finds that the bond is unsatisfactory for any reason, the commissioner may require the licensee to file, within 10 days after the receipt of a written demand for it, an additional bond complying with the provisions of (a) of this section.
AK Stat § 06.40.040 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.040. Annual license fee.

On or before December 20 of each year, each licensee shall pay a fee of $200 to the department as an annual license fee for the next succeeding calendar year. At that same time the licensee shall file with the department a new bond that complies with AS 06.40.030.
AK Stat § 06.40.050 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.050. Application for license; fee; disclosure for child support purposes; interrogatories; refusal to issue or continue license.

(a) Application for a license under this chapter shall be in writing and in the form prescribed by the department. If the applicant is a natural person, the application form must require submission of the applicant's social security number. (b) All reasonable investigation expenses incurred by the department in processing an application for approval of a proposed premium finance company shall be charged to and paid by the applicant in accordance with AS 06.01.010. At the time of submitting the application to the department, the applicant shall pay to the department $500 in partial payment of the investigation expenses incurred by the department. If the investigation expenses incurred by the department do not exceed $500, the remainder shall be promptly refunded to the applicant. (c) The person to whom the license may be or is issued shall file sworn answers to interrogatories required by the commissioner. The commissioner shall have authority, at any time, to require the licensee fully to disclose the identity of all directors, partners, officers, and managerial employees. The commissioner may refuse to issue or continue a license in the name of any firm or corporation if the commissioner determines that any officer, employee, stockholder, or partner of the firm or corporation who may materially influence the licensee's conduct does not meet the requirements of this chapter. (d) All premium finance licenses shall continue in force until suspended or revoked, subject to the payment by the licensee of the annual license fee and to the licensee being in compliance with other provisions of this chapter. (e) Upon request, the department shall provide a social security number submitted under (a) of this section to the child support services agency created in AS 25.27.010, or the child support agency of another state, for child support purposes authorized under law.
AK Stat § 06.40.060 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.060. Place of business.

(a) A licensee may maintain only one place of business under a license. The department may issue more than one license to the same licensee upon application and compliance by the licensee with the provisions of this chapter governing the original issuance of a license. (b) If a licensee changes the place of business to another location, the licensee shall give written notice to the department. The department shall attach the written notice of the change to the license together with the date. Thereafter, the licensee may operate the business under the license at the new location.
AK Stat § 06.40.070 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.070. Investigation; qualifications for license.

(a) Upon the filing of an application and payment of the investigation fee specified in AS 06.40.050(b), the commissioner shall conduct an investigation of an applicant and shall issue a premium finance company license if the applicant meets the requirements of this chapter. If the commissioner does not so find, the commissioner shall, within 30 days after receipt of the application, at the request of the applicant, give the applicant a full hearing.  (b) The commissioner shall issue a license to an applicant when the commissioner is satisfied that the applicant (1) is competent and trustworthy and intends to act in good faith in the capacity involved by the license applied for; (2) has a good business reputation and has had experience, training, or education so as to be qualified in the business for which the license is applied; and (3) if a corporation, is a corporation incorporated under the laws of this state or a foreign corporation authorized to transact business in this state.
AK Stat § 06.40.080 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 1. Licensing.|Sec. 06.40.080. Revocation or suspension of license.

The commissioner may revoke or suspend the license of any licensee when, upon completion of an investigation, the commissioner determines that (1) the license issued to the company was obtained by fraud; (2) there was misrepresentation in the application for the license; (3) the holder of the license has otherwise proven to be untrustworthy or incompetent to act as a premium finance company; or (4) the licensee has violated any of the provisions of this chapter.
AK Stat § 06.40.090 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 2. Operations.|Sec. 06.40.090. Misleading statements prohibited; disclosure of interest rate.

(a) A person may not advertise, print, display, publish, distribute, or broadcast, or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast, in any manner, any statement or representation with regard to the rates, terms, or conditions for the lending of money, credit, goods, or things in action which is false, misleading, or deceptive. (b) The licensee or lender shall state the interest rate charged in a premium finance agreement fully and clearly as an annual percentage rate.
AK Stat § 06.40.100 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 2. Operations.|Sec. 06.40.100. Record keeping; examination of records; report.

(a) A licensee shall maintain records of its premium finance transactions, including the insurance agents through which the licensee provides loans to residents of this state, and the records shall be open to examination and investigation by the commissioner at the office of the licensee. All records pertaining to insurance contracts financed by state residents shall be maintained or readily available in the licensee's office. The commissioner may, at any reasonable time, require the licensee to bring records pertaining to premium finance agreements to the commissioner's office for examination. The expenses incurred by the department in conducting an examination shall be charged to and paid by the licensee in accordance with AS 06.01.010. (b) A licensee shall preserve its records of premium finance transactions, including cards used in a card system, for at least three years after making the final entry relating to any premium finance agreement. The preservation of records in photographic form constitutes compliance with this requirement. (c) Each licensee shall, on or before March 15 of each year, file a report with the department containing information as the department may reasonably require concerning the business and operations during the preceding calendar year of each licensed place of business conducted by the licensee. The report shall be made under oath, shall be in the form prescribed by the department, and shall be kept available as a public record.
AK Stat § 06.40.110 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 2. Operations.|Sec. 06.40.110. Contents of premium finance agreement; deficiency balances.

(a) A premium finance agreement must (1) be dated, signed by the borrower, and the printed portion of it shall be in at least eight-point type; (2) contain the name and place of business of the insurance agent negotiating the related insurance policy, the name and residence or the place of business of the borrower as specified by the borrower, the name and place of business of the licensee to which payments are to be made, an identification of the insurance policy involved, and the amount of the premium charged for it; and (3) set out the following items where applicable: (A) the total amount of the premiums; (B) the amount of the down payment; (C) the principal balance (the difference between (A) and (B) of this paragraph); (D) the annual percentage rate of interest; and (E) the number of payments required, the amount of each payment expressed in dollars, and the due date or period of it. (b) The items set out in (a)(3) of this section do not need to be stated in the sequence or order in which they appear in (a) of this section, and additional items may be included to explain the computations made in determining the amount to be paid by the insured. (c) The repayment schedule relating to dwelling fire, homeowner, private passenger automobile, boats not used for commercial purposes, owner-occupied mobile homes, and fire insurance policies covering owner-occupied multiple unit dwellings for four families or less shall be such that the total amount due the licensee at any time does not exceed the unearned premium on the policy being financed at that time. A deficiency balance may not be established or collected from the borrower. This section does not preclude the licensee from establishing or collecting a deficiency balance to the extent the insurer offsets unearned premiums on the policy financed by premiums earned by reason of endorsements to that same policy not paid for by the insured or financed by the licensee. (d) The licensee or the insurance agent shall deliver to the borrower, or mail to the borrower at the address shown in the agreement, a complete copy of the agreement.
AK Stat § 06.40.120 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 2. Operations.|Sec. 06.40.120. Service charge; interest rate; prepayment.

(a) A premium finance company may not charge, contract for, receive, or collect a service charge other than as permitted by this chapter. (b) The service charge is to be computed on the balance of the premiums due, after subtracting the down payment made by the borrower in accordance with the premium finance agreement, from the effective date of the insurance coverage for which the premiums are being advanced, to and including the date when the final payment of the premium finance agreement is payable. (c) The service charge may not exceed interest at the nominal annual rate of 15 percent plus an additional charge of $10 per premium finance agreement which need not be refunded upon cancellation or prepayment. However, any borrower may prepay a premium finance agreement in full at any time before the due date of the final payment and in that event the unearned service charge shall be refunded. The amount of any refund shall be calculated in accordance with regulations adopted by the commissioner.
AK Stat § 06.40.130 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 40. Premium Financing Act|Article 2. Operations.|Sec. 06.40.130. Delinquency charge; separate financing.

(a) A premium finance agreement may provide for the payment by the borrower of a delinquency charge for any payment that is in default for a period of 10 days or more. The charge may be made for each month or fraction of a month that the payment is in default. The amount of the charge may be a minimum of $1 and as a maximum shall be subject to the following limits: (1) for delinquent payments of less than $250, five percent of the payment or $5, whichever is less; or (2) for delinquent payments of $250 or more, two percent of the payment. (b) A borrower has the option to separate the financing of the premiums for one insurance policy from a premium finance agreement by requesting in writing that the premium finance company provide that service and by paying a $10 separate charge.