Sec. 06.60.080. Duration of license.
Except for a provisional license issued under AS 06.60.077, a license issued under this chapter remains in effect until December 31 of the year in which the license is issued, unless the license is revoked, is suspended, is surrendered, or becomes inactive under this chapter.
Sec. 06.60.085. Renewal of license.
(a) If a licensee intends to renew a license, the licensee shall submit to the department (1) a renewal application at a time and in the form and manner established by the department and the registry; (2) the annual license fee; (3) if the renewal is for a mortgage license, (A) a report, as required […]
Sec. 06.60.087. Standards for license renewal.
(a) After a licensee complies with AS 06.60.085, the department may renew the licensee’s license if (1) the licensee continues to meet the standards for license issuance under AS 06.60.060; (2) in the case of a mortgage loan originator license, the mortgage loan originator licensee has satisfied the annual continuing education requirements of AS 06.60.160; […]
Sec. 06.60.090. Inactive license.
(a) A license may become inactive under this section. (b) To be eligible to have a mortgage license become inactive, all mortgage loans of a licensee must have been paid in full or sold. (c) For a license to become inactive, a licensee shall provide the department with a written request that the license become […]
Sec. 06.60.095. Reactivation of inactive license.
(a) A person who has an inactive license certificate under AS 06.60.090 may apply to the department for an active license and pay the required fees. To be eligible for license reactivation, the applicant shall comply with all requirements for licensure in effect at the time of reactivation. (b) If the department reactivates a license […]
Sec. 06.60.097. Surrender of license.
(a) A licensee may surrender a license issued to the licensee by delivering written notice to the department that the licensee intends to surrender the license, except that a mortgage licensee may not surrender a license until all loans of that mortgage licensee have either been paid in full or sold. (b) [Repealed, § 87 […]
Sec. 06.60.026. Transfer of mortgage loan originator license.
A person who holds a mortgage loan originator license may not transfer or assign the mortgage loan originator license.
Sec. 06.60.100. Annual report.
(a) Annually, on or before a date established by the department by regulation, a mortgage licensee and a registered depository institution shall file a report with the department providing relevant information that the department requires concerning the business and operations of the mortgage licensee or registered depository institution. The mortgage licensee and the registered depository […]
Sec. 06.60.010. Mortgage lender or mortgage broker license required.
(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 […]
Sec. 06.60.012. Mortgage loan originator license required.
(a) Unless exempt under AS 06.60.015, an individual may not operate in the state as a mortgage loan originator with respect to a dwelling located in the state unless the individual is licensed as a mortgage loan originator under this chapter. (b) An individual required to be licensed as a mortgage loan originator shall (1) […]