Alaska Statutes Title 44. State Government § 44.33.965. Limitations on loans

(1) may not exceed a term of 12 years, except for extensions under AS 44.33.955;

(2) may not bear interest at a rate greater than the prime rate, as defined in AS 44.88.599, plus two percentage points, but that may not be less than four percent a year or more than eight percent a year;

(3) must be secured by collateral acceptable to the commissioner; and

(4) may not be made to a person who has a past due child support obligation established by court order or by the child support services agency under AS 25.27.160--25.27.220 at the time of application.