An Act relating to loans in an amount of $25,000 or less; relating to financial institutions; relating to the Nationwide Multistate Licensing System and Registry; relating to pawnbroker licensing exemptions; relating to deferred deposit advances; relating to computing interest; and providing for an effective date.
34
Senate Bill 39 caps payday loan interest rates at 36% APR, protecting Alaskan consumers from predatory lending while potentially limiting access to credit options.
(S) VETOED BY GOVERNOR 6/24/25
#loans
#regulations
#administrativeprocedure
#business
#contracts
#credit
#finance
#financialinstitutions
#interest
Start the Conversation
Be the first to share your thoughts on this petition. Your voice matters!