Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Lending Regulation Act
Section 095. Reactivation of Inactive License. [Effective July 1, 2008]..
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AS 06.60.095. Reactivation of Inactive License. [Effective July 1, 2008]..

(a) Except as provided in (b) and (c) of this section, 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.

(b) A person is eligible for reactivation of an inactive license if the person's license has been in an inactive status for less than 24 months from the anniversary date of the issuance of the initial inactive license certificate. If the person has been in an inactive status for 24 months or longer, the person may obtain a license only by satisfying the qualifications applicable to initial licensure.

(c) The department may issue an active license that has been converted from inactive status under this section for the term remaining on the license before it became inactive.

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