Complete guide
Answers, tradeoffs and next steps
Use the sections below to evaluate fit, not to predict approval.
State-specific decision hinge
Alaska is a version-control state: a major 2025 repeal bill passed the legislature but was vetoed, while the regulator’s current site still licenses deferred-deposit lenders. Payday Hex must resolve current license and statute before a card can display.
Current state rule table
| State field | Current rule |
|---|---|
| Current product framework | Alaska Division of Banking & Securities still licenses deferred-deposit advance lenders |
| Maximum amount | Official 2025 legislative record describes the current state cap as $500 |
| Fee structure | Official 2025 legislative record describes up to $15 per $100 borrowed under existing law; live page must refresh actual statute/provider disclosure |
| Rollovers | Official legislative record describes no more than 2 consecutive renewals |
| 2025 reform bill | SB 39 would have repealed the framework but was vetoed by the Governor June 24, 2025 |
Product scenario
Illustrative state-law context only: a $300 transaction at $15 per $100 would imply $45 in the described fee component. The live calculator does not publish this as a lender quote until the current statute/provider disclosure is refreshed.