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SB 39

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.

34th Legislature (2025-2026) Introduced by Forrest Dunbar and 6 co-sponsors

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
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Bill text & amendments

SB39 Sponsor Statement verA 02.10.25 SB 39 CRL Written Response re AK SB 39 SB 39 Miller Testimony 2025 SB 39 Public Testimony Rec'd by 050925 SB39 HFIN Follow Up to 5.9.25 Hearing SB 39 Letters of Opposition 2.25.2025 SB39 Public Testimony-Letter-OLA 02.18.25 SB 39 RBFC AK SB 39 Opposition Letter (2) SB 39 Letters of Support 2.25.2025 SB 39 Additional Documents-October 2010 Texas Bankruptcy Study 4.21.25 SB 39 work draft version I SB 39 Sectional Analysis version N 2.25.2025 SB39 Public Testimony-Letter-AFSA 02.24.25 SB39 Fiscal Note-DCCED-DBS-02.14.25 SB 39 RBFC AK SB 39 Opposition Letter SB 39 Summary of Changes Version N 2.25.2025 SB 39 Watson Testimony SB 39 Supporting Documents - Committee Correspondence, 4.21.25 SB 39 Opposition Testimony ILPA AK SB 39 Additional Documentation Letters of Support Received by 4.21.25 SB 39 2025 03 31 OLA Ltr re SB 39 Testimony Inaccuracies SB 39 Public Testimony Rec'd by 051825 SB 39 Additional Documents-Letters of Opposition Received by 4.21.25 SB39 Public Testimony-Email-Tracy Fischbach 02.09.25 SB39 Summary of Changes ver A to I, 4.21.2025 SB39 Draft Proposed Amendment ver A.1 SB 39 Sponsor Statement Version N 2.25.2025 SB 39 03.26.25 SFIN Follow-Up to 03.20.25 Hearing SB39 Public Testimony-Email-Southwest Public Policy Institute 02.23.25 SB 39 Sponsor Statement ver I, 4.21.25 SB 39 Additional Documents-2023 Divison of Banking and Securities Payday Overview SB 39 Additional Documents-January 2020 Center for Responsible Lending South Dakota Case Study SB39 Public Testimony-Letter-ILPA 02.18.25 Sponsor Statement SB 39 2025 04 07 OLA Letter to Sen Kaufman re SB 39 SB39 Public Testimony-Letter-AKPIRG 02.19.25 SB 39 Additional Documents-AKPIRG Stats Graphic 4.21.25 SB 39 Supporting Documents SB 39 Comment Letter OMF 03.17.2025 SB 39 Explanation of Changes ver. N to ver. I April 7 2025 SB 39 mark up rate calculation TILA SB 39 Additional Documents -June 2023 Center for Responsible Lending APR Research SB39 Public Testimony-Combined as of 01.31.25 SB 39 Hudson Cook Testimony SB 39 OLA - Alaska Comment Letter SB 39 AFSA comment letter - AK SB 39 rate caps 03.20.2025 SB 39 Additional Documents-June 2009 Center for Responsible Lending Bankruptcy Policy Brief 4.21.25 SB39 ver A SB39 Public Testimony-Letter-AARP 02.20.25 SB 39 Sectional Analysis ver I, 4.21.25 SB 39 INFiN AK Statement.3.20.25 SB39 Sectional Analysis ver A 02.12.25 SB39 Public Testimony-Letter-INFiN 02.19.25