reglab/housing_qa huggingface dataset:
AK Stat § 06.50.400 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.400. Advance agreement.

(a) An advance shall be documented in a written agreement that is signed by the advance recipient and on a form approved by the department. (b) The agreement must clearly and conspicuously disclose (1) the name of the licensee; (2) the date of the advance; (3) the principal amount of the advance; (4) a statement of the total amount of fees that may be charged under AS 06.50.460(a) as a condition of making the advance, expressed both as a dollar amount and as an annual percentage rate; (5) the repayment terms; (6) the due date; (7) an itemization of all disbursements, including disbursements to third parties; (8) the name and title of the employee who signs the agreement on behalf of the licensee; and (9) any other item required to be disclosed under state or federal law. (c) The written agreement required by (a) of this section may not require an advance recipient to waive any rights under 15 U.S.C. 1692 - 1692p (Fair Debt Collection Practices Act) or other state or federal laws that regulate debt collection practices.
AK Stat § 06.50.410 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.410. Maximum amount of advances.

A licensee, including a licensee with more than one location, may not make advances to an advance recipient that exceed $500 outstanding in advances to the recipient at one time.
AK Stat § 06.50.420 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.420. Prohibition on dividing advance amount or increasing number of advances.

A licensee may not induce or permit an advance recipient to divide the amount of an advance, or to become obligated, directly, contingently, or both, for more than one advance at the same time, if the purpose or result is to obtain additional origination fees under AS 06.50.460(a)(1).
AK Stat § 06.50.430 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.430. Prohibition on collateral and services.

The licensee may not accept collateral or services as security for or payment of an advance.
AK Stat § 06.50.440 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.440. Duration of advances.

The minimum duration of an advance is 14 days.
AK Stat § 06.50.450 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.450. Prohibition on advances on behalf of another.

A licensee may not make an advance to a person who purports to be acting on behalf of another person.
AK Stat § 06.50.460 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.460. Fees.

(a) Notwithstanding any other provision of law, except for the fee allowed under AS 06.50.510(b)(3) and where federal law provides otherwise, a licensee may only charge (1) a nonrefundable origination fee in an amount not to exceed $5; and (2) a fee that does not exceed $15 for each $100 of an advance, or 15 percent of the total amount of the advance, whichever is less. (b) A licensee may not charge a fee other than the fees allowed under (a) of this section. (c) The fees allowed by (a) of this section are considered earned at the time of the transaction and may not be prorated. (d) A licensee may not charge the advance recipient an additional fee to access the proceeds of an advance.
AK Stat § 06.50.470 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.470. Renewal of advance.

(a) The minimum term of a renewal of an advance is 14 days. (b) A licensee may not renew an advance more than two consecutive times, after which the licensee shall require the advance recipient to repay the advance in full. (c) A licensee may not renew an advance for fees greater than the fees under AS 06.50.460(a).
AK Stat § 06.50.480 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.480. Rescission.

A person who receives an advance may rescind an advance without cause and without cost, except for the nonrefundable origination fee, at any time before the close of business on the business day following the day on which the advance was made by paying the principal amount of the advance to the licensee in cash or other immediately available funds.
AK Stat § 06.50.490 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.490. Prohibited arbitration requirement.

A licensee may not require a recipient to agree to mandatory arbitration.
AK Stat § 06.50.500 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.500. Posted fee notice.

A licensee shall post a notice in each business location that discloses the fees that the licensee charges for advances. The fees in the notice must be expressed as a dollar amount, as an annual percentage rate for 14 days for each $100, and as an annual percentage rate for 30 days for each $100. The notice must also contain any other reasonably necessary information required by the department by regulation. The notice shall be posted so that it is conspicuous to an advance recipient or a potential advance recipient. The lettering in the notice must be legible and at least one inch in height.
AK Stat § 06.50.510 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.510. Required disclosures before disbursement.

(a) Before disbursing funds under an advance, a licensee shall provide a clearly written statement that is separate from the written advance agreement required by AS 06.50.400(a). This disclosure statement must be reviewed and signed by the advance recipient. The licensee shall keep the signed original in the advance file for the recipient and give a copy to the recipient. (b) The disclosure statement required by (a) of this section must (1) indicate the advance is intended to address short-term, not long-term, financial needs; (2) include an explanation of all fees for advances and renewals of advances; (3) state that the licensee may charge an advance recipient a bad check fee for costs as allowed under AS 09.68.115(a)(2) if a payment is returned unpaid; (4) state that, in the event of the advance recipient's default, the licensee may sue the recipient and recover up to $700 over the amount of the payment and, if the payment is a check, recover as permitted under AS 06.50.550(b); (5) give the department's address and telephone number for receiving calls regarding customer complaints and concerns; (6) state that the licensee may not accept collateral or services for an advance; (7) state that the check given as security for the advance may be negotiated as part of the advance; (8) state that (A) the advance recipient may rescind the advance without cause at any time before the close of business on the business day following the day on which the licensee makes the advance by paying the principal amount of the advance to the licensee in cash or other immediately available funds; (B) if the advance recipient rescinds under this paragraph, the origination fee is not refundable, but the licensee may not charge the recipient another fee, except for a bad check fee for costs as allowed under AS 09.68.115(a)(2) if the payment is returned unpaid; (9) state that a criminal action may not be brought against the advance recipient for failure to pay the advance; and (10) include other information reasonably required by the department to inform and protect advance recipients.
AK Stat § 06.50.520 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.520. Payment by licensee.

(a) A licensee may give an advance recipient the amount of the advance in cash, by the licensee's business check, by a money order, or by a reasonable electronic payment mechanism, including an electronic funds transfer to the advance recipient's account. (b) A licensee may not use another form of payment than the form of payment authorized in (a) of this section to make an advance to an advance recipient. In this subsection, “another form of payment” includes coupons, merchandise, services, or chattel of any kind.
AK Stat § 06.50.530 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.530. Payment by advance recipient.

(a) An advance recipient may repay an advance (1) in cash; (2) by negotiation of the recipient's check that secures the advance; or (3) with the agreement of the licensee, a debit card, a cashier's check, an electronic funds transfer from the recipient's bank account, or a reasonable electronic payment mechanism to which the parties agree. (b) An advance is paid in full when the advance recipient repays the advance under (a) of this section, or when the advance recipient rescinds the advance under AS 06.50.480. (c) A licensee may not accept payment of an advance from the proceeds of another advance provided by the same licensee.
AK Stat § 06.50.540 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.540. Default fees.

If a payment received from an advance recipient is returned unpaid to a licensee, the licensee may not collect the fees allowed by this chapter unless the fees are disclosed in the agreement for the advance under AS 06.50.400.
AK Stat § 06.50.550 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.550. Collection or court action after default.

(a) If an advance recipient defaults, before assigning the payment obligation to a third party for collection and before initiating a court action against the recipient, a licensee (1) shall attempt in good faith to contact the advance recipient at reasonable times by telephone or mail to discuss the delinquency and to offer the recipient a payment plan under (2) of this subsection; (2) shall offer the recipient a payment plan under which (A) the recipient may repay the delinquent advance over an extended period of time, which may not exceed six months; (B) at least five percent of the outstanding balance is due when the payment plan is signed; (C) an additional fee by the licensee is not allowed, except for a bad check fee for costs as allowed under AS 09.68.115(a)(2); (3) in addition to the contact required by (1) of this subsection, shall send a certified letter to the recipient's last known address at least 15 days before the action that makes the offer described in (2) of this subsection and that informs the recipient of the licensee's intent to proceed with a court action. (b) The licensee may initiate a court action against a defaulting recipient to recover damages and costs allowed under AS 09.68.115 if the licensee has complied with (a) of this section. Notwithstanding AS 09.68.115, the total of all damages and costs, including damages recovered under AS 09.68.115(a), may not exceed the amount of the payment by $700.
AK Stat § 06.50.560 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 4. Licensee Practices and Recipient Rescission and Payment.|Sec. 06.50.560. Threat of criminal action prohibited.

A licensee may not threaten an advance recipient with criminal action as a result of the recipient's default.
AK Stat § 06.50.600 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 5. Miscellaneous Provisions.|Sec. 06.50.600. Regulations.

The department may adopt regulations under AS 44.62 (Administrative Procedure Act) to implement this chapter.
AK Stat § 06.50.610 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 5. Miscellaneous Provisions.|Sec. 06.50.610. Relationship to federal and other state law.

(a) If a provision of this chapter is preempted by or conflicts with federal law in a particular situation, the provision does not apply to the extent of the preemption or conflict. (b) If a provision of this chapter conflicts with another state law in a particular situation, the provision in this chapter governs to the extent of the conflict.
AK Stat § 06.50.900 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 50. Deferred Deposit Advances|Article 6. General Provisions.|Sec. 06.50.900. Definitions.

In this chapter, unless the context requires otherwise, (1) “advance” means a deferred deposit advance; (2) “advance recipient” means a borrower to whom an advance is made; (3) “control,” in the case of a person who is not a natural person, means direct or indirect ownership, the right to vote or otherwise control 10 percent or more of the governance interests of the entity, or the ability of a person to elect a majority of the directors; (4) “deferred deposit advance” means a transaction in which a person (A) accepts a dated check from a person seeking an advance; (B) agrees to hold the check for a specified period of time before depositing or otherwise negotiating the check; and (C) pays to the advance recipient, credits to the account of the advance recipient, or pays to another person on behalf of the advance recipient the amount of the check less the charges allowed under this chapter; (5) “department” means the Department of Commerce, Community, and Economic Development; (6) “license” means a license issued under this chapter; (7) “licensee” means a person to whom a license has been issued under this chapter.
AK Stat § 06.55.101 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 55. Alaska Uniform Money Services Act|Article 1. Money Transmission Licenses.|Sec. 06.55.101. License required.

(a) A person may not engage in the business of money transmission or advertise, solicit, or hold the person out as providing money transmission unless the person (1) holds a money transmission license; or (2) is an authorized delegate of a person who holds a money transmission license. (b) A money transmission license is not transferable or assignable.
AK Stat § 06.55.103 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 55. Alaska Uniform Money Services Act|Article 1. Money Transmission Licenses.|Sec. 06.55.103. Approval to engage in money transmission when licensed in another state.

(a) A person who is licensed to engage in money transmission in at least one other state, with the approval of the department and under this section, may engage in money transmission, currency exchange, or both money transmission and currency exchange in this state without being licensed under AS 06.55.102 if (1) the state in which the person is licensed has enacted the Uniform Money Services Act or the department determines that the money transmission laws of the state in which the person is licensed are substantially similar to those imposed by this chapter; (2) the person submits to, and in the form required by, the department (A) in a record, an application for approval to engage in money transmission, currency exchange, or both money transmission and currency exchange in this state without being licensed under AS 06.55.102; (B) a nonrefundable application fee; (C) a fee for the first year of operating with the approval given under this section; this fee shall be refunded if the application is denied; and (D) a certification of license history in the other state. (b) Before granting a person approval under this section to engage in money transmission, currency exchange, or both money transmission and currency exchange in this state, the department shall make findings and conclusions as required by regulation. (c) When an application for approval under this section is complete, the department shall promptly notify the applicant, in a record, of the date on which the request was determined to be complete, and (1) the department shall approve or deny the request within 120 days after that date; or (2) if the request is not approved or denied within 120 days after that date, (A) the request is approved; and (B) the approval takes effect as of the first business day after expiration of the 120-day period. (d) An applicant whose application under this section is denied by the department may appeal, within 30 days after receipt of the notice of the denial, and request a hearing.
AK Stat § 06.55.104 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 55. Alaska Uniform Money Services Act|Article 1. Money Transmission Licenses.|Sec. 06.55.104. Security.

(a) Except as otherwise provided in (b) of this section, a surety bond, a letter of credit, or another similar security acceptable to the department in the amount of $25,000 plus $5,000 for each location, not exceeding a total addition of $125,000, must accompany an application for a money transmission license. (b) Security must be in a form satisfactory to the department and payable to the state for the benefit of a claimant against the money transmission licensee to secure the faithful performance of the obligations of the money transmission licensee with respect to money transmission. (c) The aggregate liability on a surety bond may not exceed the principal sum of the bond. A claimant against a money transmission licensee may maintain an action on the bond, or the department may maintain an action on behalf of the claimant. (d) A surety bond must cover claims for as long as the department specifies, but for at least five years after the money transmission licensee ceases to provide money services in this state. However, the department may permit the amount of security to be reduced or eliminated before the expiration of that time to the extent the amount of the money transmission licensee's payment instruments or stored-value obligations outstanding in this state is reduced. The department may permit a money transmission licensee to substitute another form of security acceptable to the department for the security effective at the time the money transmission licensee ceases to provide money services in this state. (e) Instead of the security prescribed in this section, an applicant for a money transmission license or a money transmission licensee may provide security in a form prescribed by the department. (f) The department may increase the amount of security required to a maximum of $500,000 if the financial condition of a money transmission licensee requires the increase, as evidenced by reduction of net worth, financial losses, or other relevant criteria.
AK Stat § 06.55.105 (2021)
2021 Alaska Statutes|Title 6. Banks and Financial Institutions|Chapter 55. Alaska Uniform Money Services Act|Article 1. Money Transmission Licenses.|Sec. 06.55.105. Issuance of license.

(a) When an application is filed under AS 06.55.102, the department shall investigate the applicant's financial condition and responsibility, financial and business experience, character, and general fitness. The department may conduct an on-site investigation of the applicant, the reasonable cost of which the applicant shall pay. The department shall issue a license to an applicant under AS 06.55.102 if the department finds that all of the following conditions have been fulfilled: (1) the applicant has complied with AS 06.55.102, 06.55.104, and 06.55.107; and (2) the financial condition and responsibility, financial and business experience, character, and general fitness of the applicant, and the competence, experience, character, and general fitness of the executive officers, managers, directors, and persons in control of the applicant indicate that it is in the interest of the public to permit the applicant to engage in money transmission. (b) When an application for an original money transmission license under AS 06.55.102 is complete, the department shall promptly notify the applicant in a record of the date on which the application was determined to be complete, and (1) the department shall approve or deny the application within 120 days after that date; or (2) if the application is not approved or denied within 120 days after that date, (A) the application is approved; and (B) the money transmission license takes effect as of the first business day after expiration of the 120-day period. (c) The department may for good cause extend the application period. (d) An applicant whose application under AS 06.55.102 is denied by the department under AS 06.55.101 - 06.55.107 may appeal, within 30 days after receipt of the notice of the denial, and request a hearing. (e) In this section, “money transmission license” does not include an approval under AS 06.55.103.