(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 if the application is for a mortgage license, and any required fees and investigative costs, the department shall either grant or deny the license.
(b) If the department denies the license, the department shall promptly notify the applicant. The notification must state the reason for the denial and that the applicant is entitled to a hearing on the denial.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Licensing
Sec. 06.60.010. Mortgage lender or mortgage broker license required.
Sec. 06.60.012. Mortgage loan originator license required.
Sec. 06.60.013. Loan processors or underwriters.
Sec. 06.60.014. Registered depository institutions.
Sec. 06.60.020. Application for license.
Sec. 06.60.026. Transfer of mortgage loan originator license.
Sec. 06.60.027. Background checks.
Sec. 06.60.030. Investigation.
Sec. 06.60.035. Fees and expenses.
Sec. 06.60.038. Prelicensing and relicensing education of mortgage loan originators.
Sec. 06.60.040. Testing of mortgage loan originators.
Sec. 06.60.050. Decision on application.