20 Alaska Admin. Code § 15.975

Current through September 25, 2024

Section 20 AAC 15.975 - Collection costs

The borrower or cosigner, if any, shall pay the costs incurred in the collection of a delinquent loan. Costs of collection may include

(1) court filing costs;

(2) attorney fees;

(3) for a loan transferred to a collection agency, the fees charged by that agency; and

(4) for a loan that has not been transferred to a collection agency, a monthly late fee of $15 while the loan is 45 or more days past due or in default.

20 AAC 15.975

Eff. 12/4/96, Register 140; am 3/15/98, Register 145; am 4/20/2000, Register 154

Authority:AS 14.43.105

AS 14.43.120

AS 14.43.320

AS 14.43.630

AS 14.43.640

AS 14.43.730

AS 14.43.740