Consumer & commercial lending in Alaska

Who needs this in Alaska

A company that makes consumer loans to Alaska residents generally needs a consumer finance / small-loan license from Alaska Division of Banking and Securities when the product, rate, or amount crosses the state’s trigger. Banks and credit unions lending under a charter are usually exempt. Commercial-purpose loans often sit outside the consumer statute — confirm before you treat a business loan as unlicensed.

Where to file

File with the Division of Banking and Securities. File in Alaska because the borrower lives there, not because your office does.

Federal overlay

TILA / Regulation Z, ECOA, FCRA, and CFPB supervision sit on top of the state license. A state license does not create a federal charter.

Sources

• NMLS / CSBS state agency contacts