Alaska Statutes
Alaska Stat. § 45.45.020 (2026)
Higher rate of interest prohibited
✓ current as of July 2026
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Sec. 45.45.020. Higher rate of interest prohibited.
A person may not, directly or indirectly, receive in money, goods, or things in action, or in any other manner, a greater sum or value for the loan or use of money, or upon contract founded upon a bargain, sale, or loan of wares, merchandise, goods, chattels, lands, and tenements, than is prescribed in AS 45.45.010 — 45.45.070.
A person may not, directly or indirectly, receive in money, goods, or things in action, or in any other manner, a greater sum or value for the loan or use of money, or upon contract founded upon a bargain, sale, or loan of wares, merchandise, goods, chattels, lands, and tenements, than is prescribed in AS 45.45.010 — 45.45.070.
Notes of Decisions
Cited in 4
cases, 1975–2017 · leading case: Bibi v. Elfrink, 408 P.3d 809 (Alaska 2017).
Bibi v. Elfrink, 408 P.3d 809 (Alaska 2017). “28 Under AS 45.45.020, “[a] person may not, directly or indirectly, receive in money, goods, or things in action, or in any other manner, a greater sum or value for the loan or use of money .”
McGalliard v. Liberty Leasing Co. of Alaska, Inc., 534 P.2d 528 (Alaska 1975). “AS 45.45.020. The Alaska statute was apparently adopted from the pre-1900 Oregon code.”
Alaska State Hous. Authoarity v. Riley Pleas, Inc., 586 P.2d 1244 (Alaska 1978). “010(a) and AS 45.45.020. The award of twelve percent interest was therefore an express violation of law.”
In re Bonham, 229 B.R. 438 (Bankr. D. Alaska 1999). “AS 45.45.020, limiting interest as prescribed in the chapter on interest found at AS 45.”
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