The legislature may appropriate the money collected in the fund under AS 06.60.510 to the department to implement AS 06.60.500 - 06.60.750, including paying claims, holding hearings, and incurring legal expenses and other expenses directly related to fund claims and the operation of the fund. Nothing in AS 06.60.500 - 06.60.750 creates a dedicated fund.
Structure Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Licensing
Article 7. Originator Surety Fund.
Sec. 06.60.500. Mortgage loan originator surety fund.
Sec. 06.60.510. Composition of fund.
Sec. 06.60.550. Required fund fees.
Sec. 06.60.560. Claim for reimbursement.
Sec. 06.60.570. Submission of fund claim.
Sec. 06.60.580. Form and contents of fund claim.
Sec. 06.60.590. Claim hearing.
Sec. 06.60.600. Filing and distribution of claim.
Sec. 06.60.610. Election to use small claims court.
Sec. 06.60.630. Department contracts.
Sec. 06.60.640. Defense of claim.
Sec. 06.60.650. Standard of proof.
Sec. 06.60.670. Nonapplication.
Sec. 06.60.680. Findings and payment.
Sec. 06.60.690. Fund operations.
Sec. 06.60.700. Payment of small claims judgment.
Sec. 06.60.710. Maximum liability.
Sec. 06.60.715. Other rights of claimant.
Sec. 06.60.720. Order of fund claim payment.
Sec. 06.60.730. False claims or documents.
Sec. 06.60.740. Right to subrogation.
Sec. 06.60.745. Reimbursement for expenses.
Sec. 06.60.750. Disciplinary action against a mortgage loan originator licensee.