(a) Unless exempt under AS 06.60.015 , an individual may not operate in the state as a mortgage loan originator with respect to a dwelling located in the state unless the individual is licensed as a mortgage loan originator under this chapter.
(b) An individual required to be licensed as a mortgage loan originator shall
(1) register with the registry and maintain a valid unique identifier issued by the registry;
(2) work under exclusive contract for, or as an employee of, a mortgage licensee; and
(3) be sponsored in the registry by a mortgage licensee under a sponsorship approved in the registry by the department; in this paragraph, "sponsored" means authorized to conduct business as a mortgage loan originator under the supervision of a mortgage licensee.
Section: Previous 06.60.010 06.60.012 06.60.013 06.60.015 06.60.016 06.60.017 06.60.020 06.60.025 06.60.026 06.60.027 06.60.030 06.60.035 06.60.038 06.60.040 06.60.045 NextLast modified: November 15, 2016