Section 06.60.650. Standard of proof.

Latest version.

A person who submits a fund claim under AS 06.60.570 bears the burden of establishing by a preponderance of the evidence that the person suffered a loss in a mortgage loan transaction as a result of fraud, misrepresentation, deceit, or the conversion of trust funds by a mortgage loan originator licensee and the extent of those losses.

Notes

Implemented As

3 AAC 14.735

History

(Sec. 2 ch 50 SLA 2007; am Sec. 67 ch 61 SLA 2010)

                    
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