Section 06.60.680. Findings and payment.

   (a) At the conclusion of the department's consideration of a claim made under AS 06.60.570, the department shall issue a written report that provides the department's findings of fact and conclusions of law.
   (b) If the department determines that the claimant has suffered a loss in a mortgage loan transaction as a result of fraud, misrepresentation, deceit, or the wrongful conversion of money by a mortgage loan originator licensee, the department may award the person who filed the fund claim reimbursement from money appropriated to the fund.

Authorities

6.60.720; 6.60.740; 6.60.745

Notes

Implemented As

3 AAC 14.725
3 AAC 14.730
3 AAC 14.735

References

3 AAC 14.725
3 AAC 14.730
AS 6.60.720 .720">Sec. 06.60.720. Order of fund claim payment.
AS 6.60.740 .740">Sec. 06.60.740. Right to subrogation.
AS 6.60.745 .745">Sec. 06.60.745. Reimbursement for expenses.

History

(Sec. 2 ch 50 SLA 2007; am Sec. 68 ch 61 SLA 2010)