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 14.330 - Surrender of mortgage license and surrender of registration of exempt bona fide nonprofit organization

(a) The voluntary surrender of a mortgage license is not effective until the mortgage licensee has provided proof acceptable to the department that all loans of that mortgage licensee have either been paid in full or sold. The mortgage licensee shall submit a surrender checklist to the department through the registry for approval by the department.

(b) The voluntary surrender of the registration of an exempt bona fide nonprofit organization is not effective until the organization has provided proof acceptable to the department that all loans of that organization have either been paid in full or sold. The organization shall submit a surrender checklist to the department through the registry for approval by the department.

(c) There is no fee to surrender.