US Lawyer Database

Sec. 06.60.900. Applicability of administrative procedures.

Notwithstanding AS 06.01.030(f), the provisions of AS 44.62 (Administrative Procedure Act) apply to an action of the department to deny, revoke, or suspend a license or registration under this chapter, to censure, suspend, or bar a person under AS 06.60.410, to take other disciplinary action under this chapter, to hold disciplinary hearings, and to issue […]

Sec. 06.60.905. Untrue, misleading, or false statements.

A person may not, in a document filed with the department or in an examination, an investigation, a hearing, or another proceeding under this chapter, make or cause to be made an untrue statement of a material fact, or omit to state a material fact necessary in order to make the statement made, in the […]

Sec. 06.60.920. Relationship to federal and other state law.

(a) If a provision of this chapter is preempted by or conflicts with federal law in a particular situation, the provision does not apply to the extent of the preemption or conflict. (b) If a provision of this chapter conflicts with another state law in a particular situation, the provision in this chapter governs to […]

Sec. 06.60.990. Definitions.

In this chapter, unless the context otherwise requires, (1) “bona fide nonprofit organization” means an organization that the department has determined qualifies as a bona fide nonprofit organization under AS 06.60.015(c); (2) “borrower” means an individual who receives a mortgage loan; (3) “consumer reporting agency” means a consumer reporting agency that compiles and maintains files […]

Sec. 06.60.650. Standard of proof.

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 […]

Sec. 06.60.660. Postponement.

The department may postpone its consideration of a fund claim until after a hearing under AS 06.60.200 or 06.60.590 or until the completion of a pending court proceeding.