Sec. 06.60.270. Removal by entity.
A mortgage licensee shall remove a mortgage loan originator licensee from acting as a mortgage loan originator for the mortgage licensee if the department directs the mortgage licensee to remove the mortgage loan originator licensee under AS 06.60.260.
Sec. 06.60.280. Department list.
The department shall make available to the public a list of all licensees who have been censured or barred or had their licenses suspended or revoked under this chapter. The department shall update the list on a monthly basis.
Sec. 06.60.120. Transfer of business.
A mortgage licensee may only transfer or assign the licensee’s business if (1) an application is made to the department to transfer or assign the business to another mortgage licensee with the same type of mortgage license as the transferring or assigning mortgage licensee; (2) at least 30 days before the effective date of the […]
Sec. 06.60.290. Report to the registry.
Notwithstanding AS 06.01.025, the department shall regularly report violations of this chapter, as well as enforcement actions and other relevant information, to the registry, subject to provisions established by the department by regulation.
Sec. 06.60.130. Change in business control or business operations.
(a) The prior approval of the department that is made in a record is required for the continued operation of a mortgage licensee’s business when a change in control of the mortgage licensee is proposed. The department may require the information it considers necessary to determine whether a new application is required. The mortgage licensee […]
Sec. 06.60.320. False, misleading, or deceptive advertising prohibited.
A person may not advertise, print, display, publish, distribute, broadcast, or cause or permit to be advertised, printed, displayed, published, distributed, or broadcast, in any manner a statement or representation with regard to the rates, terms, or conditions for a mortgage loan that is false, misleading, or deceptive.
Sec. 06.60.135. Records of mortgage licensee.
(a) The requirements of this section apply to the business transactions of a mortgage licensee or registered depository institution that occur entirely or partially in this state. (b) A mortgage licensee or registered depository institution shall keep and use in the business of the mortgage licensee or registered depository institution the accounting records that are […]
Sec. 06.60.325. Display of unique identifier.
A person operating as a mortgage lender, mortgage broker, or mortgage loan originator shall clearly display the unique identifier assigned to the person by the registry on all residential mortgage loan application forms, solicitations, and advertisements, including business cards or websites, and any other documents as established by regulation or order of the department.
Sec. 06.60.140. Availability of out-of-state records.
A mortgage licensee who or registered depository institution that operates an office or other place of business outside this state shall, at the request of the department, (1) make the records of the office or place of business available to the department at a location within this state; or (2) reimburse the department its reasonable […]
Sec. 06.60.330. Compliance with federal requirements.
A person subject to this chapter shall conduct the person’s mortgage loan activities in compliance with (1) 12 U.S.C. 2601 – 2617 (Real Estate Settlement Procedures Act of 1974); (2) 12 U.S.C. 2801 – 2810 (Home Mortgage Disclosure Act of 1975); (3) 12 U.S.C. 2901 – 2908 (Community Reinvestment Act of 1977); (4) 12 U.S.C. […]