Alaska § 45.10.120 - Extent of service charge.
Full text of Alaska Alaska Statutes § 45.10.120 — Extent of service charge., with citation guidance and answers to common questions.
§ 45.10.120. Extent of service charge.
(a) Notwithstanding any other law, the service charge included in a retail installment contract, retail charge agreement, revolving charge agreement, or other retail charge agreement must be at the rate agreed upon by the retail seller and the buyer.
(b) This section does not limit or restrict the method of computing the service charge, whether by way of add-on, simple interest, or otherwise, so long as that method is disclosed in the contract and agreed upon by the retail seller and the buyer.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.10.120
What does Alaska Statutes § 45.10.120 cover?
Section 45.10.120 ("Extent of service charge.") 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 § 45.10.120?
A common citation format is "Alaska Statutes § 45.10.120" (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 § 45.10.120 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.