When the department receives a fund claim, the department shall allow each mortgage loan originator licensee against whom the claim is made an opportunity to file with the department, within seven days after receipt of notification of the fund claim under AS 06.60.600, a written statement in opposition to the fund claim and a request for a hearing.
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.