Alaska Statutes
Alaska Stat. § 45.45.030 (2026)
Action for recovery of double amount of usurious interest paid
✓ current as of July 2026
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Sec. 45.45.030. Action for recovery of double amount of usurious interest paid.
If interest greater than that prescribed in AS 45.45.010 and 45.45.020 is received or collected, the person paying it may, by action brought within two years after the payment, recover from the person receiving the payment double the amount of the interest received or collected.
If interest greater than that prescribed in AS 45.45.010 and 45.45.020 is received or collected, the person paying it may, by action brought within two years after the payment, recover from the person receiving the payment double the amount of the interest received or collected.
Notes of Decisions
Cited in 5
cases, 1971–2018 · leading case: Bibi v. Elfrink, 408 P.3d 809 (Alaska 2017).
Bibi v. Elfrink, 408 P.3d 809 (Alaska 2017). “Bibi’s payments must exceed the loan’s principal amount plus lawful interest before she can recover under AS 45.45.030. The parties next dispute whether Alaska law requires that a borrower’s payments exceed a loan’s principal amount plus lawful interest before .”
McGalliard v. Liberty Leasing Co. of Alaska, Inc., 534 P.2d 528 (Alaska 1975). “AS 45.45.030 provides that when usurious interest has been received or collected the person paying it may recover from the person receiving the payment double the amount of interest collected.”
Cox v. Est. of Steve Cooper, 426 P.3d 1032 (Alaska 2018). “under AS 45.45.030, [she was] entitled to double whatever portion of these payments constituted usurious interest, that is, interest above the statutory maximum at the time.”
Metcalf v. Bartrand, 491 P.2d 747 (Alaska 1971). “AS 45.45.030. 8 . State Dept. of Highways v.”
In re Bonham, 229 B.R. 438 (Bankr. D. Alaska 1999). “MEMORANDUM DECISION GRANTING MOTION TO DISMISS (TREATED AS A SUMMARY JUDGMENT MOTION) CLAIM FOR DOUBLE DAMAGES UNDER AS 45.45.030 HERBERT A. ROSS, Bankruptcy Judge.”
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