Alaska § 06.40.160 - Consequences of violations.
Full text of Alaska Alaska Statutes § 06.40.160 — Consequences of violations., with citation guidance and answers to common questions.
§ 06.40.160. Consequences of violations.
(a) A lender who, in the making of any contract, loan, or premium finance agreement or the collection of interest or charges, does any act that violates AS 06.40.010 — 06.40.020, 06.40.090, or 06.40.110 — 06.40.130 shall at the option of the commissioner reimburse that portion of the interest and charges in excess of that provided in those sections, or, in the case of repeated violations of those sections by the lender, the lender shall adjust the contract, loan, or premium finance agreement interest and other charges down to the contract interest limitation specified in AS 45.45.010 (a).
(b) [Repealed, § 102 ch 26 SLA 1993.]
Frequently Asked Questions About Alaska § 06.40.160
What does Alaska Statutes § 06.40.160 cover?
Section 06.40.160 ("Consequences of violations.") 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 § 06.40.160?
A common citation format is "Alaska Statutes § 06.40.160" (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 § 06.40.160 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.