Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 14 - Mortgage Lending
Article 5 - License Duration, Renewal, Inactivity, and Surrender
3 AAC 14.310 - License renewal

(a) To renew a license under AS 06.60.085, a licensee must submit to the department through the registry on or after November 1 of the annual licensing period the annual license fee required under 3 AAC 14.072(a) (2) or (b)(2), the surety fund fee if required under 3 AAC 14.072(b) (3), and a renewal application updating the record of the licensee, if necessary, and attesting to the current accuracy and completeness of the information in the record of the licensee with the department and the registry.

(b) The department will designate an incomplete renewal application as "on hold" or the department will approve or deny a complete application as provided in AS 06.60.085 and 06.60.087. The 60-day period described in AS 06.60.085(c) begins on the date all documentation required by the department is received, and an "on hold" designation in the registry for the renewal application is removed.

(c) To renew a license, a licensee shall pay to the department the renewal fee and any other outstanding fee, including an investigative fee, a license fee, a late fee, an administrative penalty owed to the department, or a refund or restitution payment ordered by the department to be made to a consumer.

(d) Nothing in this section relieves an applicant from the obligation to pay processing or other fees that the registry sets for services that the registry provides.