Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 14 - Mortgage Lending
Article 1 - Licensing
3 AAC 14.055 - Application for mortgage license
Universal Citation: 3 AK Admin Code 14.055
Current through February 24, 2025
(a) To apply for a mortgage license under AS 06.60.020, a person must submit to the department through the registry
(1) a
complete Form MU1;
(2) a complete
Form MU2 for a control person and branch manager of the applicant;
(3) a financial statement in compliance with
3
AAC 14.054;
(4) the designation of a registered agent
under 3 AAC 14.057;
(5) if the registry accepts fingerprints for
the purpose of conducting a criminal history background check of a mortgage
license applicant, consent to a federal criminal history record check and a
complete set of fingerprints in a form acceptable to the registry for the
applicant and each control person of the applicant;
(6) a copy of the applicant's current business license
issued under AS 43.70;
(7) for an
applicant that is a business entity,
(A)
documentation of the business organization and authorization under
3
AAC 14.056; and
(B) a copy of the current filing, with the department division
overseeing corporations, that designates the registered agent in the state;
(8) a copy of the
certificate of business name registration, issued by the department division
overseeing corporations, for each other trade name used by the appUcant as
described in
3
AAC 14.059;
(9) two complete sets of fingerprints in a
form acceptable to the Department of Public Safety for the applicant and a
control person of the applicant, if the registry does not accept fingerprints
for a mortgage license applicant;
(10) authorization under
AS
06.60.027(a)(2) for the
registry and the department to obtain for the applicant and a control person of
the applicant
(A) an independent credit
report fi-om a consumer reporting agency; and
(B) information related to administrative, civil, or
criminal findings by a governmental jurisdiction;
(11) if the answer to any of the disclosure
questions on the Form MUl or Form MU2 is "yes," complete details in writing of
each event or proceeding, including as applicable, the name and location of the
court, the docket or case number, and the status and summary of the event or
proceeding, and a copy of an applicable charge, order, or consent agreement;
and
(12) other information,
documentation, and payments as allowed by AS 06.60 and required by the
department.
Authority:AS 06.60.010
AS 06.60.012
AS 06.60.015
AS 06.60.910
Disclaimer: These regulations may not be the most recent version. Alaska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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