(a) A mortgage licensee may not employ or enter into a contract with a person who acts as a mortgage loan originator for the mortgage licensee unless the person has a mortgage loan originator license.
(b) A mortgage licensee is liable for the conduct of a person acting as a mortgage loan originator if the mortgage licensee knows or should have known that the person's conduct violates this chapter and the person is employed by or is under contract with the mortgage licensee to act as a mortgage loan originator.
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.