State Codes and Statutes
Statutes > Alaska > Title-45 > Chapter-45-35 > Sec-45-35-030(a) A lessor may not charge a consumer more than $5 for each payment that is late under a lease-purchase agreement.
(b) When calculating time for the purpose of determining whether a lease payment is late and subject to a late fee under a lease-purchase agreement, a lessor may not include any period of time when the personal property has been repossessed by the lessor or voluntarily surrendered by the consumer.
