Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Licensing

Sec. 06.60.157. Restrictions on mortgage licensee's performance of mortgage loan originator activities. - A mortgage licensee may not perform mortgage loan originator activities...

Sec. 06.60.159. Mortgage licensee's employment of, contract with, and liability for mortgage loan originator. - (a) A mortgage licensee may not employ or enter into...

Sec. 06.60.160. Continuing education requirements for mortgage loan originators. - (a) Each calendar year, a licensed mortgage loan originator shall...

Article 4. Discipline and Investigation.

Sec. 06.60.200. Disciplinary action. - (a) In addition to other disciplinary action allowed under this...

Sec. 06.60.210. Suspension, revocation, or renewal related to fund. - (a) When an award is made from the fund, the...

Sec. 06.60.230. Divestment. - If the department revokes a mortgage license, the mortgage licensee...

Sec. 06.60.240. Reinstatement. - The department may reinstate a suspended license if the licensee...

Sec. 06.60.250. Investigation and examination authority. - (a) For the purpose of initial licensing, license renewal, license...

Sec. 06.60.260. Revocation, removal, or suspension of mortgage loan originator licensee. - If the department finds that a mortgage loan originator licensee...

Sec. 06.60.270. Removal by entity. - A mortgage licensee shall remove a mortgage loan originator licensee...

Sec. 06.60.280. Department list. - The department shall make available to the public a list...

Sec. 06.60.290. Report to the registry. - Notwithstanding AS 06.01.025, the department shall regularly report violations of...

Article 5. Business Duties and Restrictions.

Sec. 06.60.320. False, misleading, or deceptive advertising prohibited. - A person may not advertise, print, display, publish, distribute, broadcast,...

Sec. 06.60.325. Display of unique identifier. - A person operating as a mortgage lender, mortgage broker, or...

Sec. 06.60.330. Compliance with federal requirements. - A person subject to this chapter shall conduct the person's...

Sec. 06.60.340. Prohibited activities. - A person who is required to be licensed under this...

Sec. 06.60.350. Certain refinancing prohibited. - (a) A covered person may not refinance a mortgage loan...

Sec. 06.60.360. Escrow accounts. - (a) A covered person and a borrower may agree that...

Sec. 06.60.370. Criminal penalties. - (a) The department may report a violation of (b) -...

Sec. 06.60.380. Definition of “covered person.” - In AS 06.60.320 - 06.60.380, “covered person” means a mortgage...

Article 6. Enforcement.

Sec. 06.60.400. Cease and desist proceedings. - (a) Notwithstanding AS 06.01.030(d) and (e), if the department finds,...

Sec. 06.60.405. Review of temporary cease and desist orders. - (a) At any time after the respondent has been served...

Sec. 06.60.410. Censure, suspension, or bar. - (a) In addition to any other remedy provided under this...

Sec. 06.60.420. Civil penalty for violations. - (a) Notwithstanding AS 06.01.035, a person who violates a provision...

Sec. 06.60.430. Additional enforcement provisions, actions, and rights. - (a) The department may treat a licensee as a financial...

Article 7. Originator Surety Fund.

Sec. 06.60.500. Mortgage loan originator surety fund. - The mortgage loan originator surety fund is established as a...

Sec. 06.60.510. Composition of fund. - The fund consists of appropriations of payments made by mortgage...

Sec. 06.60.520. Use of fund. - The legislature may appropriate the money collected in the fund...

Sec. 06.60.530. Fund report. - Every six months, the department shall provide a written report...

Sec. 06.60.550. Required fund fees. - (a) A person who applies for or renews a mortgage...

Sec. 06.60.560. Claim for reimbursement. - In addition to any other remedies available to the person,...

Sec. 06.60.570. Submission of fund claim. - To seek reimbursement under AS 06.60.560, a person shall submit...

Sec. 06.60.580. Form and contents of fund claim. - The form for a fund claim shall be executed under...

Sec. 06.60.590. Claim hearing. - Except as otherwise provided by AS 06.60.610, a hearing on...

Sec. 06.60.600. Filing and distribution of claim. - At least 20 days before a hearing is held on...

Sec. 06.60.610. Election to use small claims court. - (a) Within 30 days after receiving a copy of a...

Sec. 06.60.620. Filing fee. - (a) A person who files a fund claim under AS...

Sec. 06.60.630. Department contracts. - When the department receives a fund claim, the department may...

Sec. 06.60.640. Defense of claim. - When the department receives a fund claim, the department shall...

Sec. 06.60.650. Standard of proof. - A person who submits a fund claim under AS 06.60.570...

Sec. 06.60.660. Postponement. - The department may postpone its consideration of a fund claim...

Sec. 06.60.670. Nonapplication. - AS 06.60.630 - 06.60.660 do not apply to a fund...

Sec. 06.60.680. Findings and payment. - (a) At the conclusion of the department's consideration of a...

Sec. 06.60.690. Fund operations. - The department shall deposit into the fund money that the...

Sec. 06.60.700. Payment of small claims judgment. - (a) If a fund claim dismissed under AS 06.60.610 results...

Sec. 06.60.710. Maximum liability. - (a) Payment of a fund claim may not exceed $15,000...

Sec. 06.60.715. Other rights of claimant. - The rights granted to a claimant under AS 06.60.500 -...

Sec. 06.60.720. Order of fund claim payment. - If the money appropriated to the department for payment under...

Sec. 06.60.730. False claims or documents. - A person who files a notice, statement, or other document...

Sec. 06.60.740. Right to subrogation. - When the department has paid to a claimant the sum...

Sec. 06.60.745. Reimbursement for expenses. - If the department pays all or a portion of a...

Sec. 06.60.750. Disciplinary action against a mortgage loan originator licensee. - Repayment in full of all obligations to the fund does...

Article 8. Program Administration Fee.

Sec. 06.60.800. Authorization of program administration fee. - (a) The department may collect a program administration fee of...

Article 9. Duties and Powers of the Department.

Sec. 06.60.850. Publication of disciplinary action. - The department may release, through the Internet, the registry, or...

Sec. 06.60.860. Authority of department. - The department may make a ruling, demand, or finding that...

Article 10. Miscellaneous Provisions.

Sec. 06.60.890. Application to Internet activities. - This chapter applies to a person even if the person...

Sec. 06.60.895. Effect of revocation, suspension, or surrender of license. - The revocation, suspension, or surrender of a license does not...

Sec. 06.60.900. Applicability of administrative procedures. - Notwithstanding AS 06.01.030(f), the provisions of AS 44.62 (Administrative Procedure...

Sec. 06.60.905. Untrue, misleading, or false statements. - A person may not, in a document filed with the...

Sec. 06.60.910. Regulations. - The department may adopt regulations under AS 44.62 (Administrative Procedure...

Sec. 06.60.920. Relationship to federal and other state law. - (a) If a provision of this chapter is preempted by...

Article 11. General Provisions.

Sec. 06.60.990. Definitions. - In this chapter, unless the context otherwise requires, (1) “bona...

Sec. 06.60.995. Short title. - This chapter may be known as the Alaska Secure and...

<< Previous

Next >>

Alaska Statutes Title 6. Banks and Financial Institutions Chapter 60. Mortgage Licensing

Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Licensing