Alaska Administrative Code

In this chapter (1) "alternative method application" means the application requirements and procedures that are to be followed by applicants located within an area for which an alternative method of allocation under 3 AAC 134.070 has been approved by the department; (2) "applicat…

Applications for the senior citizen and disabled veteran property tax exemption shall be on forms provided by the department. Notes 3 AAC 135.010 Eff. 1/28/73, Register 45; am 9/21/88, Register 107 As of Register 151 (October 1999), the functions of the former Department of Commu…

Form 21-400 and Form 21-400b are hereby adopted by the department for use in the application for senior citizen and disabled veteran property tax exemptions, respectively. Notes 3 AAC 135.020 Eff. 1/28/73, Register 45; am 1/27/74, Register 48; am 9/21/88, Register 107 Authority:A…

Application forms are available only from the office of the clerk or assessor of the municipality. Notes 3 AAC 135.030 Eff. 1/28/73, Register 45 Authority:AS 29.45.030(f) State regulations are updated quarterly; we currently have two versions available. Below is a comparison betw…

(a) Exemption applications filed after January 15 of the assessment year, or after a date provided by ordinance as specified in AS 29.45.030(f), must be accompanied by an affidavit stating the reason for the late filing. (b) To qualify for a hardship exemption beyond the first $1…

(a) When an eligible person and his or her spouse occupy the same permanent place of abode, the reimbursement described in AS 29.45.030(g) applies, regardless of whether the property is held in the name of the husband, wife, or both. (b) A resident widow or widower who is at leas…

Approval of the property for the property tax exemption does not exempt the property from other statutory encumbrances. Notes 3 AAC 135.095 Eff. 11/24/82, Register 84 Authority:AS 29.45.030(f) State regulations are updated quarterly; we currently have two versions available. Belo…

(a) An applicant aggrieved by any determination of the local assessor, except a decision as to the purpose of a transfer, may appeal under AS 29.53.130 - AS 29.53.135 to his local board of equalization. (b) The determination of the board of equalization is appealable under AS 44.…

In this chapter (1) repealed 1/27/73; (2) "exemption year" means the calendar year for which the exemption is sought; (3) "real property" includes, but is not limited to mobile homes, whether classified as real or personal property for municipal tax purposes; (4) "permanent place…

(a) Form 21-405 and Form 21-406 are adopted by the department for use in application for the senior citizen and disabled veteran renter property tax equivalency payment, respectively. Form 21-405a and Form 21-406a "rent certificate" are adopted by the department as supplements to…

Satisfactory evidence of payment and of amount paid, as required by AS 29.45.040(c), includes (1) Form 21-405a or Form 21-406a, properly completed by the landlord and attached to Form 21-405 or Form 21-406, respectively; (2) cancelled checks payable to the landlord for rent paid;…

(a) To be eligible, property for which rent is paid must be subject to a local property tax. Payment in place of property tax is not considered local property tax for purposes of this chapter. (b) To be eligible, a rental payment must be paid to the landlord and must exclude secu…

(a) Documentation of birth date is required the first year an applicant enters the program. Submission of one of the following documents clearly showing birth date of the applicant is adequate documentation: (1) birth certificate; (2) proof of eligibility for the Alaska Longevity…

(a) For each year of application, a disabled veteran must submit a letter of certification from the Veterans Administration attesting to the disabled veteran's current percentage of disability. The letter of certification must be attached to Form 21-406. (b) A disabled veteran wi…

(a) No payment will be made for less than $1. (b) The property-tax equivalent percentage for each home rule or general law municipality that levies a general property tax is based on the highest mill rate levied within that municipality during the program year. (c) The mill rate …

In this chapter (1) "department" means the Department of Commerce, Community, and Economic Development; (2) "disabled veteran" has the same meaning as in AS 29.45.030(i)(1); (3) "program year" means the calendar year immediately preceding the filing date. Notes 3 AAC 136.060 Eff.…

(a) The Department of Community and Regional Affairs Form 21.410 and Form 21-411 are adopted for use in application for the farm and agricultural land use assessment and tax deferment program. (b) Application and authorization forms shall be made available by and shall be returne…

(a) In addition to the application prescribed in 3 AAC 138.010, an applicant must establish before May 15 of the assessment year that the gross income attributed to farm-use land is at least 10 percent of the applicant's yearly gross income, by either (1) providing the clerk or a…

An applicant for the farm use assessment and tax deferment who believes that the valuation or classification assigned to the land that is the subject of the application is erroneous may appeal to the board of equalization of the municipality in which the land is located in the ma…

The municipality in which the land is located shall maintain separate files and records of all applications for the farm use assessment and tax deferment, whether allowed by the municipality or not, including valuation of the property under the full and true value standard of AS …

Tax records and other documents providing evidence of the applicant's eligibility for the farm use assessment and tax deferment are confidential and shall be used only for the purpose of ascertaining whether the applicant is entitled to the benefits of the assessment and defermen…

In this chapter (1) "farm use assessment" means the value of the unit or parcel of property for which application for a farm use assessment and tax deferment is made, based upon its highest and best use as farm or agricultural land; (2) "yearly gross income" means the income of t…

(a) The state assessor will, in his or her discretion, inspect municipal records dealing with assessment, valuation or taxation. (b) If a written complaint of an alleged major error in a municipality's assessment, valuation, or taxation procedures is submitted to the state assess…

(a) Immediately following a review of municipal records dealing with assessment, valuation or taxation, the state assessor will discuss with the municipal assessor any errors found in the course of the review. (b) The state assessor will inform a municipality of any major errors …

(a) If a municipality elects to appeal, under AS 29.45.105, a determination made by the state assessor, it shall provide a copy of its appeal to the Alaska Association of Assessing Officers. (b) In deciding the appeal, the commissioner will consult with the Alaska Association of …

As used in this chapter, (1) "commissioner" means the commissioner of the Department of Commerce, Community, and Economic Development; (2) "major error" means a violation of federal, state, or municipal property tax law; (3) "state assessor" means the state assessor in the Depart…

(a) Unless exempt from licensing under AS 06.60.015(a), a person must be licensed by the department as a mortgage licensee to operate in the state as a mortgage broker or mortgage lender with respect to a dwelling or residential real estate in the state. (b) A mortgage licensee m…

Notes 3 AAC 14.015 Eff. 7/1/2008, Register 186; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

(a) A person, including a sole proprietor or control person of a mortgage licensee or a registered depository institution, and an individual who works under a mortgage licensee or a registered depository institution, may not operate in the state as· a mortgage loan originator wit…

Notes 3 AAC 14.025 Eff. 7/1/2008, Register 186; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

Notes 3 AAC 14.030 Eff. 7/1/2008, Register 186; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

Notes 3 AAC 14.035 Eff. 7/1/2008, Register 186; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

Notes 3 AAC 14.040 Eff. 7/1/2008, Register 186; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

Notes 3 AAC 14.045 Eff. 7/1/2008, Register 186; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

Notes 3 AAC 14.050 Eff. 7/1/2008, Register 186; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will…

To obtain and maintain a license or registration under AS 06.60 a person shall comply with all requirements of the registry, including the payment of fees assessed by the registry. Notes 3 AAC 14.051 Eff. 12/4/2010, Register 196; am 1/1/2017, Register 220, January 2017 Authority:…

(a) A person required to be licensed or that is registered under this chapter may challenge information pertaining to the person that is entered into the registry by the department. The challenge must be limited to the factual accuracy of the information pertaining to the person'…

(a) An applicant for a mortgage license or for a registration under AS 06.60.014 shall file with the department a bond with one or more sureties. The amount of the bond must be at least $75,000. The bond must be executed by the applicant and by a surety company authorized to cond…

(a) An applicant for a mortgage license or for a registration under AS 06.60.014 shall submit an unaudited financial statement for the preceding fiscal year prepared under generally accepted accounting principles. (b) The financial statement described under (a) of this section mu…

(a) To apply for a mortgage license under AS 06.60.020, a person must submit to the department through the registry (1) a complete Form MU1; (2) a complete Form MU2 for a control person and branch manager of the applicant; (3) a financial statement in compliance with 3 AAC 14.054…

(a) To apply for a mortgage license, an applicant must submit to the department a certified copy of, (1) if the applicant is a corporation, (A) complete and current articles of incorporation and bylaws, and a certificate of good standing issued by the domestic state; and (B) if t…

(a) An applicant for a mortgage license or for a registration under AS 06.60.014 shall designate on the Form MU1 a registered agent for service of process located in this state. The registered agent must be an agent of the mortgage licensee or of the registered depository institu…

Notes 3 AAC 14.058 Eff. 12/4/2010, Register 196; repealed 2/6/2020, Register 233, April 2020 State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison f…

(a) If an applicant for a mortgage license intends to use one or more other trade names, the applicant must disclose each other trade name on the Form MU1. (b) A mortgage licensee may conduct business using more than one other trade name only if the mortgage licensee obtains a se…

To apply for an originator license under AS 06.60.020, a person must submit (1) to the registry Form MU4; (2) an authorization for a federal criminal background check through the registry and a complete set of fingerprints for a federal criminal history background check under pro…

An applicant, licensee, or control person shall provide the information requested on the Form MU2 or Form MU4 regarding any business of the applicant, licensee, or control person other than the business for which a license is required under AS 06.60, including the nature of the b…

(a) A mortgage loan originator license will not be granted to an applicant, unless a mortgage licensee or a registered depository institution sponsors the mortgage loan originator in the registry. (b) The sponsorship of a mortgage loan originator licensee by a mortgage licensee o…

(a) The department will consider an applicant or licensee financially responsible under AS 06.60.060(2)(C), if the applicant or licensee has a credit score of 600 or a higher score on the credit report obtained under AS 06.60.027(c). (b) If the credit score of an applicant or lic…

An applicant for a license or registration under AS 06.60 must complete all license or registration requirements, including the payment of all required fees, before submitting the application to the department through the registry. Notes 3 AAC 14.064 Eff. 12/4/2010, Register 196;…

When the department evaluates an application for an initial license or registration or the renewal of a license or registration under AS 06.60, if the reasonable costs and reasonable investigative fees, including examination costs, incurred by the department exceed a fee establis…