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Alaska Statutes Title 44. State Government § 44.88.550. Interest on guaranteed loan

Current as of January 01, 2025 | Updated by Findlaw Staff

(a) The maximum interest rate that may be charged by a financial institution on a loan guaranteed by the authority is two and three-quarters percentage points above the prime rate.

(b) If provision is made in the loan guarantee agreement, the interest rate on a loan guaranteed by the authority may increase or decrease in accordance with the changes in the prime rate.

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Cite this article: FindLaw.com - Alaska Statutes Title 44. State Government § 44.88.550. Interest on guaranteed loan - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-44-state-government/ak-st-sect-44-88-550/

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