A mortgage licensee may only transfer or assign the licensee's business if
(1) an application is made to the department to transfer or assign the business to another mortgage licensee with the same type of mortgage license as the transferring or assigning mortgage licensee;
(2) at least 30 days before the effective date of the proposed transfer or assignment, the department determines it has received a complete application from the proposed assignee or transferee; and
(3) the department determines that the proposed transferee or assignee complies with AS 06.60.060.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Licensing
Article 3. Licensee Obligations.
Sec. 06.60.100. Annual report.
Sec. 06.60.110. Location of business.
Sec. 06.60.112. Branch office application.
Sec. 06.60.115. Change of place of business.
Sec. 06.60.120. Transfer of business.
Sec. 06.60.130. Change in business control or business operations.
Sec. 06.60.135. Records of mortgage licensee.
Sec. 06.60.140. Availability of out-of-state records.
Sec. 06.60.155. Restriction on mortgage loan originator licensee's work.
Sec. 06.60.160. Continuing education requirements for mortgage loan originators.