If the department pays all or a portion of a fund claim against a mortgage loan originator licensee under AS 06.60.680 or 06.60.700, the department may recover from the mortgage loan originator licensee, in addition to the payment of the fund claim, the expenses incurred by the department to process and otherwise handle 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.