Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 13 - Money Services
Article 1 - Licensing
3 AAC 13.040 - Money services license denial
Current through February 24, 2025
(a) Subject to (b) and (c) of this section, the department will deny a money services license application if the department determines that
(b) Instead of denying an application under (a) of this section, the department may return the application or extend the application period if the department determines that the condition or circumstances that would likely lead to denial may be temporary and resolved satisfactorily within a reasonable period of time. The department may resume processing the application if the department determines that a favorable resolution of the disqualifying condition has occurred.
(c) The department may extend the application period for processing a money services license application if due to staff shortages or encountered problems the department is unable to process the application and complete the investigation mandated by AS 06.55.105(a) or 06.55.203(a) within 120 days after the department receives the complete application.
Authority:AS 06.55.103
AS 06.55.104
AS 06.55.105
AS 06.55.107
AS 06.55.203
AS 44.33.020