Alaska § 14.43.740 - Loan terms, limits, and conditions.
Full text of Alaska Alaska Statutes § 14.43.740 — Loan terms, limits, and conditions., with citation guidance and answers to common questions.
§ 14.43.740. Loan terms, limits, and conditions.
(a) The provisions of AS 14.43.100 , 14.43.120(a) — (c), (m), and (r) — (u), 14.43.122, 14.43.135, 14.43.145 — 14.43.155, 14.43.173, and 14.43.910 — 14.43.990 apply to a loan made under AS 14.43.710 — 14.43.750.
(b) [Repealed, § 18 ch 54 SLA 1997.] (c) The corporation shall set the interest rate on a loan made under AS 14.43.710 — 14.43.750, but the annual rate may not exceed 8.25 percent.
(d) Repayment of the principal and interest on a loan made under AS 14.43.710 — 14.43.750 begins on the first of the month immediately following loan disbursement. The loan may be cancelled without prejudice at any time before actual disbursement. The loan shall provide for repayment of the total amount owed in periodic installments in not more than 10 years from the commencement of repayment. If the commission and the borrower agree to a different repayment schedule, the borrower shall repay the loan in accordance with the agreement.
(e) Provision shall be made for payment by the borrower of fees and costs incurred in collection of delinquent or defaulted loans.
(f) The commission may withhold disbursement of a loan if the borrower or family member is no longer eligible under AS 14.43.750 .
(g) [Repealed, § 45 ch 89 SLA 2014.]
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 14.43.740
What does Alaska Statutes § 14.43.740 cover?
Section 14.43.740 ("Loan terms, limits, and conditions.") 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 § 14.43.740?
A common citation format is "Alaska Statutes § 14.43.740" (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 § 14.43.740 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.