At least 20 days before a hearing is held on the fund claim by the office of administrative hearings (AS 44.64.010), the department shall send a copy of the claim filed with the department to
(1) each mortgage loan originator licensee alleged to have committed the misconduct resulting in the alleged loss;
(2) the employer of the mortgage loan originator licensee described in (1) of this section; and
(3) any other parties involved in the mortgage loan transaction that is the subject of the fund claim.
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.