Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 14 - Mortgage Lending
Article 8 - Originator Surety Fund
3 AAC 14.720 - Notification of claim

(a) No later than 30 days after receipt of a fund claim filed under AS 06.60.570 and at least 20 days before a hearing is held on the fund claim, whichever is earlier, the department will mail a copy of the claim, and any documentary material filed with the claim to those entitled to notice under AS 06.60.600.

(b) The department will mail the documents described in (a) of this section by certified mail, return receipt requested.

(c) The department's duty to mail the claim to any other parties involved in the mortgage loan transaction under AS 06.60.600(3) is satisfied by mailing the claim to the parties involved in the mortgage loan transaction who are disclosed in the claim form filed with the department.

(d) In AS 06.60.600(2), "employer of the mortgage loan originator licensee" includes a person who employs the mortgage loan originator licensee under an exclusive contract or as an employee.