(a) An advance recipient may repay an advance
- (1) in cash;
- (2) by negotiation of the recipient's check that secures the advance; or
- (3) with the agreement of the licensee, a debit card, a cashier's check, an electronic funds transfer from the recipient's bank account, or a reasonable electronic payment mechanism to which the parties agree.
- (b) An advance is paid in full when the advance recipient repays the advance under (a) of this section, or when the advance recipient rescinds the advance under AS 06.50.480.
- (c) A licensee may not accept payment of an advance from the proceeds of another advance provided by the same licensee.