(a) A person other than a collection agency licensed and authorized under this chapter may not for compensation
Terms Used In Alaska Statutes 08.24.090
Escrow: Money given to a third party to be held for payment until certain conditions are met.
person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
state: means the State of Alaska unless applied to the different parts of the United States and in the latter case it includes the District of Columbia and the territories. See Alaska Statutes 01.10.060
(1) conduct a collection agency business in this state;(2) collect claims for others in this state;(3) solicit the right to collect or receive payment of a claim for another;(4) advertise or solicit either in print, by letter, in person or otherwise, the right to collect or receive payment of a claim for another;(5) seek to make collection or obtain payment of a claim on behalf of another.(b) This chapter does not apply to the following when engaged in the regular course of their respective businesses:
(1) attorneys at law;(2) persons regularly employed on a regular wage or salary in the capacity of credit men or a similar capacity, except as an independent contractor;(3) banks, including trust departments of banks, fiduciaries and financing and lending institutions;(4) common carriers;(5) title insurers and abstract companies while doing an escrow business;(6) licensed real estate brokers;(7) employees of licensees under this chapter;(8) substation payment offices employed by or serving as independent contractors for public utilities.(c) A violation of this section is a misdemeanor punishable by imprisonment in a jail for not to exceed one year, or by a fine of not more than $1,000, or by both.
