(a) At the conclusion of the department's consideration of a claim made under AS 06.60.570 , the department shall issue a written report that provides the department's findings of fact and conclusions of law.
(b) If the department determines that the claimant has suffered a loss in a mortgage loan transaction as a result of fraud, misrepresentation, deceit, or the wrongful conversion of money by a mortgage loan originator licensee, the department may award the person who filed the fund claim reimbursement from money appropriated to the fund.
Section: Previous 06.60.610 06.60.620 06.60.630 06.60.640 06.60.650 06.60.660 06.60.670 06.60.680 06.60.690 06.60.700 06.60.710 06.60.715 06.60.720 06.60.730 06.60.740 NextLast modified: November 15, 2016