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.
AS 06.20.140
Effect of revocation, suspension, or surrender
Known as the Alaska Small Loans Act
The act spans §§ 6–6 (40 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.