Other Loan Entities The division licenses and examines lenders including Premium Finance Companies and Small Loan Companies. Staff investigates consumer complaints and takes enforcement action as needed. All licensing activity is done by email submission to the division. Premium Finance Companies Premium Financing Act (AS 06.40) Premium Finance Companies (3 AAC 07) Alaska Premium Finance Company Application & Checklist Alaska Premium Finance Company Renewal Application & Checklist Premium Finance Annual Report Small Loan Companies PLEASE NOTE: A company originating residential mortgage loans under $25,000 must comply with Alaska's usury law, AS 45.45.010 (not more than 10% or five percentage points above the 12th Federal Reserve District annual rate). If a company charges a higher interest rate on loans under $25,000, as permitted under the Alaska Small Loans Act (ASLA) AS 06.20, the company must hold both an Alaska Mortgage Broker/Lender license and an Alaska Small Loan Act license. There is no exemption for a Mortgage Broker/Lender under the ASLA. Alaska Small Loans Act (AS 06.20) Small Loans Regulations (3 AAC 12) Alaska Small Loan Company Application & Checklist Alaska Small Loan Company Renewal Application & Checklist Small Loan Annual Report Out of State Lenders with no physical presence in Alaska must comply with ASLA Submit inquiries to: loanentity.licensing@alaska.gov