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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.