Oral Credit Agreements
Last Review
Last Update
Statutes
If the loan is for other than personal, family or household purposes, an agreement to lend an amount more than $50,000 or to grant or extend credit of more than $50,000, must be in writing in order to be enforceable. (AS 09.25.010)
Cases
Comments
None.
Contributors
Michael J. Parise, Esq.
The statutory information was edited and reviewed with the support of MultiState
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