Sec. 06.60.110. Location of business.
A mortgage licensee may not maintain the mortgage licensee’s principal place of business or a branch office within an office, suite, room, or place of business in which any other business is solicited or engaged in, or in association or conjunction with another business, unless the name, ownership, and business purpose of the other business […]
Sec. 06.60.030. Investigation.
The department shall investigate an applicant for a license to determine if the applicant satisfies the requirements of this chapter for the license.
Sec. 06.60.112. Branch office application.
A mortgage licensee shall submit an application to register a branch office to the department through the registry. The department may adopt by regulation procedures and fees for the submission of an application to register a branch office, consistent with the requirements of the registry. The department may adopt by regulation fees and other requirements […]
Sec. 06.60.035. Fees and expenses.
(a) When an applicant submits an application for a license under this chapter to the department, the applicant shall pay to the department (1) an application fee in partial payment of those investigation expenses incurred by the department; and (2) an annual license fee for the period that terminates on December 31 after the date […]
Sec. 06.60.115. Change of place of business.
If a mortgage licensee wishes to change the mortgage licensee’s place of business to another location, the mortgage licensee shall submit a written notice to the department at least 10 days before relocating the business. If the mortgage licensee is otherwise in compliance with this chapter, the department shall issue a revised mortgage license to […]
Sec. 06.55.840. Refunds.
Within 10 days after receiving a written request for a refund, a money transmission licensee shall refund to a customer money equal to the money or equivalent value received from the customer for a money transmission, unless (1) before receiving the written request (A) the money has been transmitted to the person designated by the […]
Sec. 06.55.850. Establishment of fees and other charges.
(a) The department shall adopt regulations that establish the amount and manner of payment of fees required under this chapter. (b) The department shall establish fee levels under (a) of this section so that the total amount of fees collected for both money transmission licenses and currency exchange licenses under this chapter approximately equals the […]
Sec. 06.55.890. Definitions.
In AS 06.55.820 – 06.55.840, (1) “fees” does not include revenue that a money services licensee generates from a money transmission when converting the currency of one government into the currency of another government; (2) “monetary equivalent” means, for money transmissions that will be redeemed in a currency other than the currency that the customer […]
Sec. 06.55.990. Definitions.
In this chapter, unless the context indicates otherwise, (1) “authorized delegate” means a person whom a money services licensee designates to provide money services on behalf of the money services licensee; (2) “bank” means an institution organized under federal or state law that (A) accepts demand deposits or deposits that the depositor may use for […]
Sec. 06.55.995. Short title.
This chapter may be cited as the Alaska Uniform Money Services Act.