Alaska Admin. Code tit. 20, § 15.975
Collection costs
Effective Apr 20, 2000Alaska Register 154(Eff. 12/4/96, Register 140; am 3/15/98, Register 145; am 4/20/2000, Register 154) | Authority: AS 14.43.105, AS 14.43.630, AS 14.43.740, AS 14.43.120, AS 14.43.640, AS 14.43.320, AS 14.43.730
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.
(Eff. 12/4/96, Register 140; am 3/15/98, Register 145; am 4/20/2000, Register 154)
Authority: AS 14.43.105, AS 14.43.630, AS 14.43.740, AS 14.43.120, AS 14.43.640, AS 14.43.320, AS 14.43.730