An Act relating to loans in an amount of $25,000 or less; relating to financial institutions; relating to the Nationwide Multistate Licensing System and Registry; relating to pawnbroker licensing exemptions; relating to deferred deposit advances; relating to computing interest; and providing for an effective date.
SB 39 clarifies regulations for loans of $25,000 or less by defining when a person is considered a lender (such as holding the main financial interest in a loan or disguising loans as property sales) and expands the definition of "financial institution" to include deferred deposit advance providers and pawnbrokers. The bill requires Alaska's Department of Commerce to participate in the Nationwide Multistate Licensing System and Registry, including establishing processes for licensees to challenge information and mandating that licensees register with the system. It also changes application fees, requiring $1,000 upfront payment for investigation expenses related to licensure. These provisions standardize oversight of small loans and ensure consistent regulation for financial institutions across Alaska.
Bill status
vetoed
4 of 5 stages cleared
Introduction
Jan 2025
Committee Review
May 2025
Senate Passage
Apr 2025
House Passage
May 2025
Vetoed
Jul 2025
Introduced Jan 22, 2025
Vetoed Jul 30, 2025
Maddy AI version diff · 3 comparisons
What changed between versions
CSSB 39(FIN)
→
Enrolled SB 39
·
3 edits
MINOR
This bill was finalized and formatted for official enactment, with minor formatting cleanup and removal of committee markup symbols. The substantive policy content remains unchanged from the committee version.
TECHNICAL
Removed committee markup symbols and formatting notes that were used during the legislative process to show deletions and additions.
Added official state formatting including the Alaska Laws header, chapter number placeholder, and enrolled bill designation.
Removed sponsor information and committee referral details that are no longer needed in the final enrolled version.
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
65
Key actions
8
Committee
3
Jul 30, 2025
Vetoed
(S) VETOED BY GOVERNOR 6/24/25
upper
May 20, 2025
Lower · Passed
(H) EFFECTIVE DATE(S) ADOPTED Y29 N11
lower
May 20, 2025
Lower · Passed
(H) PASSED Y24 N16
lower
May 18, 2025
Lower · Passed
(H) Moved CSSB 39(FIN) Out of Committee -- Recessed to a Call of the Chair --
lower
Apr 15, 2025
Upper · Passed
(S) TRANSMITTED TO (H)
upper
Apr 15, 2025
Upper · Passed
(S) PASSED Y14 N6
upper
Apr 14, 2025
Upper · Passed
(S) FIN CS ADOPTED UC
upper
Apr 9, 2025
Upper · Passed
(S) Moved CSSB 39(FIN) Out of Committee
upper
Feb 24, 2025
Upper · Passed
(S) Moved CSSB 39(L&C) Out of Committee
upper
1 primary · 6 co-sponsors
Sponsors
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