Alaska Administrative Code

A mortgage loan originator licensee who seeks to surrender the mortgage loan originator license must file an application for license surrender with the department through the registry. The license surrender is not effective until the department has approved the license surrender …

(a) A mortgage licensee shall apply to the department for approval of a change in control of the mortgage licensee. An application for a change in control must be submitted 30 days before the change in control is effective. (b) If a mortgage licensee seeks approval from the depar…

A mortgage licensee, a registered exempt bona fide nonprofit organization, or a registered depository institution may share office space with another business if each business (1) has office space and signage that are sufficiently separate and distinct for a reasonable customer t…

A licensee, a registered exempt bona fide nonprofit organization, or a registered depository institution shall notify the department in writing no later than seven days after a change in a document or information previously submitted directly to the department. A licensee, a regi…

Notes 3 AAC 14.445 Eff. 7/1/2008, Register 186; am 7/24/2009, Register 191; repealed 12/4/2010, Register 196 State regulations are updated quarterly; we currently have two versions available.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. M…

Misleading, unfair, or deceptive advertising under AS 06.60.320 and 06.60.340(7),(11),or(25) includes the following practices by a person who is required to be licensed or registered under AS 06.60: (1) making a representation or statement of fact in an advertisement if the repre…

Unfair or deceptive acts or practices under AS 06.60.340 include (1) charging a prepayment penalty that violates AS 45.45.010(g); (2) failing to give to the borrower or the borrower's attorney the time and reasonable opportunity to review each document that relates to a mortgage …

The following statutes apply to bona fide nonprofit organizations who wish to complete an application for exemption: (1)AS 06.60.135 (records of mortgage licensee); (2)AS 06.60.200 (disciplinary action); (3)AS 06.60.250 (investigation and examination authority); (4)AS 06.60.330 (…

The department shall investigate and examine the affairs, business, office, and records of an exempt bona fine nonprofit organization at intervals the department considers appropriate as necessary to carry out the purposes of this chapter. The department may conduct an examinatio…

Notes 3 AAC 14.610 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…

Claims for reimbursement from the mortgage loan originator surety fund under AS 06.60.500 must (1) be accompanied by the filing fee established by AS 06.60.620; (2) be submitted on a form provided by the department; (3) assert a claim for a loss suffered in a mortgage loan transa…

The claimant shall notify the department in writing of any change in its mailing address or telephone number while its claim is pending. Failure to maintain a current mailing address and telephone number on file with the department while a claim is pending may result in dismissal…

(a) No later than 30 days after receipt of a fund claim filed under AS 06.60.570 and at least 20 days before a hearing is held on the fund claim, whichever is earlier, the department will mail a copy of the claim, and any documentary material filed with the claim to those entitle…

If a mortgage loan originator licensee named in a fund claim under AS 06.60.570-06.60.580 does not file a timely request for hearing after receiving written notice of the claim under 3 AAC 14.720, the department will review the materials submitted by the claimant and apply the st…

The department may use the final decision under AS 06.60.680 as to a fund claim as the basis for disciplinary action against a licensee. Notes 3 AAC 14.730 Eff. 7/1/2008, Register 186 Authority:AS 06.60.210 AS 06.60.680 AS 06.60.910 State regulations are updated quarterly; we cur…

When the department pays a claim from the fund, the following information will be added to the license file of each mortgage loan originator licensee named in the findings and conclusions as responsible for the loss: (1) a copy of the findings and conclusions and the order adopte…

Notes 3 AAC 14.810 Eff. 7/24/2009, Register 191; am 12/13/2009, Register 192; 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.…

A person with a license under AS 06.60 in effect on July 31, 2009, who wishes to amend or surrender a license, establish or terminate an employment relationship with a licensee, or request other department action relating to a license under AS 06.60, must submit the necessary for…

A person who applies for a license under AS 06.60 after July 31, 2009, must submit the necessary forms to the registry and pay state and registry fees through the registry. Notes 3 AAC 14.820 Eff. 7/24/2009, Register 191 Authority:AS 06.60.070 AS 06.60.870 State regulations are u…

(a) Except as otherwise provided in this section, a requirement under federal or state law regarding the privacy or confidentiality of information or material provided to the registry, and a privilege arising under federal or state law, including the rules of a federal or state c…

(a) An application for department action under AS 06.60 and this chapter will be considered filed or submitted as of the postmark date of the document. If the document is submitted by a method that does not provide a postmark date, the document will be considered filed or submitt…

Any document required to be filed with the department that is not permitted to be filed with or cannot be transmitted through the registry shall be filed in paper directly with the department. Notes 3 AAC 14.915 Eff. 12/4/2010, Register 196 Authority:AS 06.60.016 AS 06.60.910 Sta…

If the registry uses a label for a license or a registration status that is different from a label used in this chapter for the license or registration status, a change of license or registration status through the registry is effective for the licensee or the registered deposito…

(a) A person required to be licensed or registered under AS 06.60 shall maintain a current, valid mailing address and electronic mail address with the department through the registry. An applicant, licensee, or registered depository institution shall monitor its record in the reg…

(a) In this chapter, unless the context requires otherwise, (1) "branch manager" means an individual who is in charge of and responsible for the business operations of a branch office of a mortgage licensee; (2) "business entity" (A) means a form of business ownership other than …

Notes 3 AAC 141.010 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 141.020 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 141.030 Eff. 7/3/2007, Register 183; repealed 3/14/2012, Register 201 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 wil…

Notes 3 AAC 141.040 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 141.050 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 141.060 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 141.070 Eff. 7/3/2007, Register 183; repealed 3/14/2012, Register 201 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 wil…

Notes 3 AAC 141.080 Eff. 7/3/2007, Register 183; repealed 3/14/2012, Register 201 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 wil…

Notes 3 AAC 141.090 Eff. 7/3/2007, Register 183; repealed 3/14/2012, Register 201 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 wil…

Notes 3 AAC 141.900 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.010 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.020 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.030 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.040 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.050 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.060 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.070 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.080 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.090 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 142.100 Eff. 7/3/2007, Register 183; repealed 3/14/2012, Register 201 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 wil…

Notes 3 AAC 142.110 Eff. 7/3/2007, Register 183; repealed 3/14/2012, Register 201 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 wil…

Notes 3 AAC 142.900 Eff. 7/3/2007, Register 183; am 11/24/2007, Register 184; repealed 3/14/2012, Register 201 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.…

Notes 3 AAC 143.010 Eff. 7/27/89, Register 111; repealed 3/14/2012, Register 201 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 143.020 Eff. 7/27/89, Register 111; repealed 3/14/2012, Register 201 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 143.030 Eff. 7/27/89, Register 111; repealed 3/14/2012, Register 201 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…