Alaska § 06.20.310 - Effect of illegal interest rate.

Full text of Alaska Alaska Statutes § 06.20.310 — Effect of illegal interest rate., with citation guidance and answers to common questions.

§ 06.20.310. Effect of illegal interest rate.

A loan of the amount or value of $25,000 or less for which a greater rate of interest, consideration, or charge than is permitted by this chapter has been charged, contracted for, or received, wherever made, may not be enforced in the state, and every person participating in such a loan in the state is subject to this chapter. This section does not apply to loans legally made in a state or territory of the United States that has in effect a regulatory small loan law similar in principle to this chapter.

Source: official Alaska text · Last verified 2026-08-27

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Frequently Asked Questions About Alaska § 06.20.310

What does Alaska Statutes § 06.20.310 cover?

Section 06.20.310 ("Effect of illegal interest rate.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Alaska § 06.20.310?

A common citation format is "Alaska Statutes § 06.20.310" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Alaska law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.

How does Alaska § 06.20.310 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.