Section 06.60.010. Mortgage lender or mortgage broker license required.

Latest version.

   (a) Unless exempt under AS 06.60.015, a person may not operate in the state as a mortgage lender or mortgage broker with respect to a dwelling located in the state unless the person is licensed as a mortgage lender or mortgage broker under this chapter.
   (b) A mortgage lender or mortgage broker required to be licensed under this chapter shall register with the registry and maintain a valid unique identifier issued by the registry.
   (c) A mortgage license may cover more than one location of a mortgage licensee.
   (d) A person who operates as both a mortgage lender and a mortgage broker is only required to obtain one mortgage license.

Notes

Implemented As

3 AAC 14.010
3 AAC 14.072
3 AAC 14.990

History

(Sec. 2 ch 50 SLA 2007; am Sec. 3 ch 61 SLA 2010)

                    
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