Alaska § 08.24.140 - Fee, bond, and other material.
Full text of Alaska Alaska Statutes § 08.24.140 — Fee, bond, and other material., with citation guidance and answers to common questions.
§ 08.24.140. Fee, bond, and other material.
(a) The application must be accompanied by (1) if it is an original application, the application fee;
(2) the biennial license fee for a collection agency for the principal place of business and the same amount for each branch office;
(3) a bond running to the state with a surety or sureties to the satisfaction of the department, and conditioned that the licensee shall, within 30 days after the close of each calendar or fiscal month, report and pay to the licensee's customers the net proceeds due and payable of all collections made during the calendar or fiscal month that exceed $20.
(b) All money collected by an agency belonging to a client shall be deposited in a trust account and cleared at the end of each month. The department may audit any agency transaction.
Frequently Asked Questions About Alaska § 08.24.140
What does Alaska Statutes § 08.24.140 cover?
Section 08.24.140 ("Fee, bond, and other material.") 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 § 08.24.140?
A common citation format is "Alaska Statutes § 08.24.140" (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 § 08.24.140 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.