Article 1 Applicability; Jurisdiction; Venue; Corporate Affiliates 45.25.010 – 45.25.030
Article 2 Franchise Agreements 45.25.100 – 45.25.230
Article 3 Manufacturer and Distributor Practices 45.25.300 – 45.25.310
Article 4 Dealer Practices 45.25.400 – 45.25.590
Article 5 Sales and Service Contracts 45.25.600 – 45.25.630
Article 6 General Provisions 45.25.900 – 45.25.990

Terms Used In Alaska Statutes > Title 45 > Chapter 25 - Motor Vehicle Transactions

  • Annual percentage rate: The cost of credit at a yearly rate. It is calculated in a standard way, taking the average compound interest rate over the term of the loan so borrowers can compare loans. Lenders are required by law to disclose a card account's APR. Source: FDIC
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. Source: OCC
  • Markup: The process by which congressional committees and subcommittees debate, amend, and rewrite proposed legislation.
  • Probate: Proving a will
  • Venue: The geographical location in which a case is tried.