Alaska Statutes Title 6. Banks and Financial Institutions § 06.50.900. Definitions

(1) “advance” means a deferred deposit advance;

(2) “advance recipient” means a borrower to whom an advance is made;

(3) “control,” in the case of a person who is not a natural person, means direct or indirect ownership, the right to vote or otherwise control 10 percent or more of the governance interests of the entity, or the ability of a person to elect a majority of the directors;

(4) “deferred deposit advance” means a transaction in which a person

(5) “department” means the Department of Commerce, Community, and Economic Development;

(6) “license” means a license issued under this chapter;

(7) “licensee” means a person to whom a license has been issued under this chapter.