3 AAC 12.110 - Note reduced to judgment

When a note has been reduced to judgment, the account record must show the date of judgment, the amount of judgment, and any court costs. After the notice has been reduced to judgment, all payments received must be applied on the judgment and properly itemized. Account records or cards for these loans must be segregated and maintained separately by the licensee.

Notes

3 AAC 12.110
In effect before 7/28/59; am 6/30/77, Register 62; am 10/16/2003, Register 168

Authority:AS 06.20.180

AS 06.20.340

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