# Alaska SB 39: LOANS UNDER $25,000; PAYDAY LOANS

Alaska SB 39, LOANS UNDER $25,000; PAYDAY LOANS, is a 34th Legislature (2025-2026) Senate bill sponsored by Forrest Dunbar (Democratic); status vetoed, last action 2025-07-30 ((S) VETOED BY GOVERNOR 6/24/25); PRIA reads it as touching household money (as of 2026-11-04).

- Canonical: https://policyrisk.com/state-bill/AK-SB39-34
- As of: 2026-11-04
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Alaska SB 39
- State: Alaska
- Session: 34th Legislature (2025-2026)
- Title: LOANS UNDER $25,000; PAYDAY LOANS
- Status: vetoed
- Chamber: Senate
- Introduced: 2025-01-22
- Last action: 2025-07-30, (S) VETOED BY GOVERNOR 6/24/25
- Sponsor: Forrest Dunbar (Democratic)
- Cosponsors: 6
- Touches household money: yes
- Roll calls: 3 (67 yes, 33 no in all)
- Economic provisions PRIA read: 4

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Interest limits protect small-loan borrowers: benefit, medium. Beginning July 1, 2025, covered loans up to $25,000 have a maximum interest rate of 3% per month. Open-end loans have the same ceiling on balances up to $25,000, with interest calculated actuarially on the full unpaid balance. Specified fees, costs, and premiums count toward the rate limit. Loans u…
- More lenders face Alaska loan protections: benefit, medium. For loans up to $25,000 above the allowed rate, Alaska's rules also reach some companies behind the loan. Covered arrangements include holding the main financial stake, arranging or servicing loans with first rights to buy them, and disguised sales or leasebacks. Other arrangements designed to evad…
- State banks can match federal powers: benefit, low. The department can authorize state financial institutions to use powers or limits available to federally chartered institutions with federally insured deposits. Those federal institutions must do business in Alaska. The department must find that its authorization serves the public and equalizes and…
- Lender fees, filings, and oversight change: mixed, low. Small-loan businesses must file separate applications for each branch, website, or mobile app; applicants also pay a $1,000 investigation fee. Annual license fees are $500 per location or $2,000 for a company license, payable when applying and covering a period ending December 31. The department ca…

## Sponsors and cosponsors

- Sponsor: Forrest Dunbar (Democratic), Senate
- Cosponsor: Ted Eischeid (Democratic), House
- Cosponsor: Elvi Gray-Jackson (Democratic), Senate
- Cosponsor: Andy Josephson (Democratic), House
- Cosponsor: Scott Kawasaki (Democratic), Senate
- Cosponsor: Genevieve Mina (Democratic), House
- Cosponsor: Loki Tobin (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-05-20 | House | EFFECTIVE DATE(S) ADOPTED Y29 N11 | pass | 29 | 11 |   |
| 2025-05-20 | House | PASSED Y24 N16 | pass | 24 | 16 |   |
| 2025-04-15 | Senate | PASSED Y14 N6 | pass | 14 | 6 |   |

## Actions (74)

- 2025-07-30: (S) VETOED BY GOVERNOR 6/24/25 (Senate)
- 2025-07-30: (S) MANIFEST ERROR(S) (Senate)
- 2025-07-30: (S) 9:17 A.M. 6/23/25 TRANSMITTED TO GOVERNOR (Senate)
- 2025-05-20: (H) CROSS SPONSOR(S): MINA (House)
- 2025-05-20: (H) VERSION: CSSB 39(FIN) (House)
- 2025-05-20: (H) RETURN TO (S), TRANSMIT TO GOVERNOR NEXT (House)
- 2025-05-20: (H) EFFECTIVE DATE(S) ADOPTED Y29 N11 (House)
- 2025-05-20: (H) PASSED Y24 N16 (House)
- 2025-05-20: (H) READ THE THIRD TIME CSSB 39(FIN) (House)
- 2025-05-19: (H) CROSS SPONSOR(S): JOSEPHSON (House)
- 2025-05-19: (H) ADVANCED TO THIRD READING 5/20 CALENDAR (House)
- 2025-05-19: (H) READ THE SECOND TIME (House)
- 2025-05-19: (H) RULES TO CALENDAR 5/19/2025 (House)
- 2025-05-19: (H) FN2: (CED) (House)
- 2025-05-19: (H) AM: STAPP, TOMASZEWSKI (House)
- 2025-05-19: (H) NR: BYNUM, SCHRAGE (House)
- 2025-05-19: (H) DP: HANNAN, GALVIN, JIMMIE, FOSTER, JOSEPHSON (House)
- 2025-05-19: (H) FIN RPT 5DP 2NR 2AM (House)
- 2025-05-18: (H) Minutes (HFIN) (House)
- 2025-05-18: (H) Moved CSSB 39(FIN) Out of Committee -- Recessed to a Call of the Chair -- (House)
- 2025-05-18: (H) FINANCE at 12:00 PM ADAMS 519 (House)
- 2025-05-18: Audio/Video (House)
- 2025-05-15: (H) Minutes (HFIN) (House)
- 2025-05-15: (H) Heard & Held -- Recessed to 8:00 am on 5/16 -- (House)
- 2025-05-15: (H) FINANCE at 01:30 PM ADAMS 519 (House)
- 2025-05-15: Audio/Video (House)
- 2025-05-09: (H) Minutes (HFIN) (House)
- 2025-05-09: (H) Heard & Held -- Delayed to 1:55 pm -- (House)
- 2025-05-09: (H) FINANCE at 01:30 PM ADAMS 519 (House)
- 2025-05-09: (H) Minutes (HFIN) (House)
- 2025-05-09: (H) Heard & Held -- Please Note Time Change -- (House)
- 2025-05-09: (H) FINANCE at 09:00 AM ADAMS 519 (House)
- 2025-05-09: Audio/Video (House)
- 2025-05-09: Audio/Video (House)
- 2025-05-02: (H) CROSS SPONSOR(S): EISCHEID (House)
- 2025-04-16: (H) FIN (House)
- 2025-04-16: (H) READ THE FIRST TIME - REFERRALS (House)
- 2025-04-15: (S) VERSION: CSSB 39(FIN) (Senate)
- 2025-04-15: (S) TRANSMITTED TO (H) (Senate)
- 2025-04-15: (S) EFFECTIVE DATE(S) SAME AS PASSAGE (Senate)
- 2025-04-15: (S) PASSED Y14 N6 (Senate)
- 2025-04-15: (S) READ THE THIRD TIME CSSB 39(FIN) (Senate)
- 2025-04-14: (S) ADVANCED TO THIRD READING 4/15 CAL (Senate)
- 2025-04-14: (S) FIN CS ADOPTED UC (Senate)
- 2025-04-14: (S) READ THE SECOND TIME (Senate)
- 2025-04-14: (S) RULES TO CALENDAR 4/14/2025 (Senate)
- 2025-04-11: (S) FN2: (CED) (Senate)
- 2025-04-11: (S) NR: STEDMAN, KAUFMAN, CRONK, MERRICK (Senate)
- 2025-04-11: (S) DP: OLSON, HOFFMAN, KIEHL (Senate)
- 2025-04-11: (S) FIN RPT CS 3DP 4NR NEW TITLE (Senate)
- 2025-04-09: (S) Minutes (SFIN) (Senate)
- 2025-04-09: (S) Moved CSSB 39(FIN) Out of Committee (Senate)
- 2025-04-09: (S) FINANCE at 09:00 AM SENATE FINANCE 532 (Senate)
- 2025-04-09: Audio/Video (House)
- 2025-03-20: (S) Minutes (SFIN) (Senate)
- 2025-03-20: (S) Heard & Held (Senate)
- 2025-03-20: (S) FINANCE at 09:00 AM SENATE FINANCE 532 (Senate)
- 2025-03-20: Audio/Video (House)
- 2025-02-26: (S) FN1: (CED) (Senate)
- 2025-02-26: (S) DP: DUNBAR, GRAY-JACKSON (Senate)
- 2025-02-26: (S) NR: BJORKMAN, MERRICK, YUNDT (Senate)
- 2025-02-26: (S) L&C RPT CS 3NR 2DP SAME TITLE (Senate)
- 2025-02-24: (S) Minutes (SL&C) (Senate)
- 2025-02-24: (S) Moved CSSB 39(L&C) Out of Committee (Senate)
- 2025-02-24: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate)
- 2025-02-24: Audio/Video (House)
- 2025-02-19: (S) Minutes (SL&C) (Senate)
- 2025-02-19: (S) Heard & Held (Senate)
- 2025-02-19: (S) LABOR & COMMERCE at 01:30 PM BELTZ 105 (TSBldg) (Senate)
- 2025-02-19: Audio/Video (House)
- 2025-01-31: (S) COSPONSOR(S): TOBIN, GRAY-JACKSON, KAWASAKI (Senate)
- 2025-01-22: (S) L&C, FIN (Senate)
- 2025-01-22: (S) READ THE FIRST TIME - REFERRALS (Senate)
- 2025-01-22: (S) PREFILE RELEASED 1/10/25 (Senate)

## Bill text

- Enrolled SB 39, 2025-05-20: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039Z), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0039Z.PDF)
- CSSB 39(FIN), 2025-04-11: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039C), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0039C.PDF)
- CSSB 39(L&C), 2025-02-26: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039B), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0039B.PDF)
- SB 39, 2025-01-22: [HTML](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039A), [PDF](https://www.akleg.gov/PDF/34/Bills/SB0039A.PDF)

## Related bills

- HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP (signed)
- HB 265: APPROP: MENTAL HEALTH BUDGET (signed)
- HB 239: CRIME/CNTRL SUBST/ADDRESS CONFIDENTIALITY (became law)
- HB 246: SPECIAL EDUCATION SERVICE AGENCY FUNDING (became law)
- HB 195: PHARMACISTS; PHYSICIAN ASSOCIATES (became law)
- HB 73: COMPLEX CARE RESIDENTIAL HOMES (signed)

## Sources
- [Enrolled SB 39 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039Z)
- [Enrolled SB 39 (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0039Z.PDF)
- [CSSB 39(FIN) (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039C)
- [CSSB 39(FIN) (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0039C.PDF)
- [CSSB 39(L&C) (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039B)
- [CSSB 39(L&C) (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0039B.PDF)
- [SB 39 (HTML)](https://www.akleg.gov/basis/Bill/Text/34?Hsid=SB0039A)
- [SB 39 (PDF)](https://www.akleg.gov/PDF/34/Bills/SB0039A.PDF)

## Related
- [HB 263: APPROP: OPERATING BUDGET;FUNDS;SUPP](https://policyrisk.com/state-bill/AK-HB263-34)
- [HB 265: APPROP: MENTAL HEALTH BUDGET](https://policyrisk.com/state-bill/AK-HB265-34)
- [HB 239: CRIME/CNTRL SUBST/ADDRESS CONFIDENTIALITY](https://policyrisk.com/state-bill/AK-HB239-34)
- [HB 246: SPECIAL EDUCATION SERVICE AGENCY FUNDING](https://policyrisk.com/state-bill/AK-HB246-34)
- [HB 195: PHARMACISTS; PHYSICIAN ASSOCIATES](https://policyrisk.com/state-bill/AK-HB195-34)
- [HB 73: COMPLEX CARE RESIDENTIAL HOMES](https://policyrisk.com/state-bill/AK-HB73-34)
- [Alaska bills](https://policyrisk.com/states/alaska/bills)
- [Alaska state hub](https://policyrisk.com/states/alaska)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/AK-SB39-34 (as of 2026-11-04).