Alaska Statutes Title 06, Chapter 06.60, Article 01 - Licensing

• Sec. 06.60.010 Mortgage Lender or Mortgage Broker License Required.
  (a) Unless exempt under AS 06.60.015 , a person may not operate in the state as a mortgage lender or mortgage broker with respect...
• Sec. 06.60.012 Mortgage Loan Originator License Required.
  (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...
• Sec. 06.60.013 Loan Processors or Underwriters.
  (a) A loan processor or underwriter who is an independent contractor may not operate as a loan processor or underwriter unless the independent contractor...
• Sec. 06.60.015 Exemptions.
  (a) The following persons are exempt from the mortgage lender or mortgage broker licensing requirements of this chapter:(1) a depository institution;(2) a subsidiary that...
• Sec. 06.60.016 Registry.
  (a) The department may participate in the registry and pay the fees required for participation in the registry.(b) The department(1) may establish relationships or...
• Sec. 06.60.017 Small Mortgage Lenders and Originators. [Repealed, Sec. 87 Ch 61 Sla 2010].
  Repealed or Renumbered
• Sec. 06.60.020 Application for License.
  (a) An application for a license under this chapter must(1) be on the form prescribed by the department and the registry;(2) contain complete information...
• Sec. 06.60.025 Application for Originator License. [Repealed, Sec. 87 Ch 61 Sla 2010].
  Repealed or Renumbered
• Sec. 06.60.026 Transfer of Mortgage Loan Originator License.
  A person who holds a mortgage loan originator license may not transfer or assign the mortgage loan originator license.
• Sec. 06.60.027 Background Checks.
  (a) To apply for a mortgage loan originator license or a mortgage license, the applicant shall, at a minimum, furnish information concerning the applicant's...
• Sec. 06.60.030 Investigation.
  The department shall investigate an applicant for a license to determine if the applicant satisfies the requirements of this chapter for the license.
• Sec. 06.60.035 Fees and Expenses.
  (a) When an applicant submits an application for a license under this chapter to the department, the applicant shall pay to the department(1) an...
• Sec. 06.60.038 Prelicensing and Relicensing Education of Mortgage Loan Originators.
  (a) Before being licensed as a mortgage loan originator, an individual shall complete at least 20 hours of education approved under (b) of this...
• Sec. 06.60.040 Testing of Mortgage Loan Originators.
  (a) Before being licensed as a mortgage loan originator, an individual shall pass, under the standards established by this section, a qualified written test...
• Sec. 06.60.045 Bonding.
  (a) An applicant for a mortgage license shall file with the application submitted to the department under AS 06.60.020 a bond with one or...
• Sec. 06.60.050 Decision on Application.
  (a) Within 30 days after the date the department determines that it has received a complete application under AS 06.60.020 , the required bond...
• Sec. 06.60.060 Determinations Before Licensing.
  Before granting a license under this chapter, the department shall determine, at a minimum, that(1) the applicant has complied with the requirements of this...
• Sec. 06.60.065 - 06.60.075. Determinations for Originator Licensing; Form and Contents of License; License Availability. [Repealed, Sec. 87 Ch 61 Sla 2010].
  Repealed or Renumbered
• Sec. 06.60.077 Authority to Issue Provisional License.
  (a) Subject to (b) of this section, the department may issue a provisional license to an applicant for a mortgage license if the department...

Last modified: November 15, 2016