Personal loans in Alaska

Consumer lending in Alaska is regulated by the Alaska Division of Banking and Securities. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.

Lending rules in Alaska

Payday lendingPermitted and regulated — maximum loan amount: $500; maximum loan term: 14 days. Finance charges: A licensee may only charge a nonrefundable origination fee in an amount not to exceed $5; and a fee that does not exceed $15 for each $100 of an advance, or 15% of the total amount of the advance, whichever is lessSource: National Conference of State Legislatures · as of 2023
Small-loan / installment licensingConsumer lenders must obtain a state license (Yes). Statutory basis: Alaska Stat. §§ 06.20.010 et seq. Licensing administered through NMLS: No.Source: Conference of State Bank Supervisors · as of 2026
Interest rate cap (usury limit)Usury limit: 10.5%; For express contract agreements, 10% limit or 5% over legal rate set by the Federal Reserve (Alaska Stat. § 45.45.010). Finance rates and fees for licensed lenders: 2% per month on the remaining portion. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026
Consumer lending regulatorConsumer lenders in Alaska are licensed and supervised by the Alaska Division of Banking and Securities.Source: Conference of State Bank Supervisors · as of 2026
Debt collection rulesThird-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Alaska Department of Law, Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: Alaska Department of Law, Office of the Attorney General · as of 2026
Military lending protectionsThe federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024
Complaint / licensing lookupCheck whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the Alaska Division of Banking and Securities; consumers can file complaints with the Alaska Division of Banking and Securities or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026

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Cities in Alaska

AnchorageFairbanksJuneauBadgerKnik-FairviewCollegeTanainaNorth LakesWasillaSitkaKalifornskyMeadow LakesKetchikanKenaiSteele CreekSouth LakesGatewayBethelSterlingPalmerKodiakChena RidgeHomerUtqiagvikFishhookSoldotnaUnalaskaNikiskiFarmers LoopValdezButteMill BayNomePetersburgEielson AFBKotzebueBig LakeNorth PoleGoldstreamEsterRidgewaySewardCordovaFarm LoopAnchor PointKodiak StationWrangellFritz CreekDillinghamDeltanaWillowLazy MountainHoustonHainesCohoeBear CreekPrudhoe BayMetlakatlaDiamond RidgePoint MacKenzieTokDelta JunctionKotlikKing CoveSutton-AlpineSkagwaySusitna NorthSalamatofSand PointCraigTuntutuliakAlakanukEmmonakFunny River

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