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(a) Except as provided under AS 06.60.015 , a person, including a person doing business from outside this state, may not operate as a mortgage lender or mortgage broker in this state unless the person is licensed under this chapter.
(b) Except as provided by AS 06.60.017 , a person may not operate as an originator in this state unless the person is a natural person who is
(1) licensed as an originator under this chapter; and
(2) works under exclusive contract for, or as an employee of, a mortgage licensee.
(c) A mortgage license may cover more than one location of a mortgage licensee.
(d) A person who operates as both a mortgage lender and a mortgage broker is only required to obtain one mortgage license.
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This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.