Statutes > Alaska Statutes > Title 06 - BANKS AND FINANCIAL INSTITUTIONS > Chapter 06.20. - ALASKA SMALL LOANS ACT > Article 02 - REVOCATION, SUSPENSION, SURRENDER, AND REINSTATEMENT OF LICENSES > Sec. 06.20.140. - Effect of revocation, suspension, or surrender.

Sec. 06.20.140. - Effect of revocation, suspension, or surrender.

A revocation, suspension, or surrender of a license does not impair or affect the legally enforceable obligation of any pre-existing contract between the licensee and any borrower.