Statutes, codes, and regulations
Alaska Statutes
Title 45 - TRADE AND COMMERCEChapter 45.45 - TRADE PRACTICES
Article 01 - INTEREST
Section 45.45.050 - Recovery by assignee of usurious contract of amount paid

Alaska Stat. § 45.45.050

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Current through Chapter 61 of the 2024 Legislative Session and 2024 Executive Orders 125, 133 through 135
Section 45.45.050 - Recovery by assignee of usurious contract of amount paid

AS 45.45.010 - 45.45.070 do not prevent the bona fide assignee of a usurious contract from recovering against the immediate assignor, or the original usurer, the full amount paid by the assignee for the contract if the assignee did not have notice of the usury affecting the contract.

AS 45.45.050