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https://law.justia.com/codes/alaska/title-6/chapter-60/article-5/section-06-60-340/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 5. Business Duties and Restrictions.›Sec. 06.60.340. Prohibited activities.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 5. Business Duties and Restrictions. › Sec. 06.60.340. Prohibited activities.
A person who is required to be licensed under this chapter and a person who is licensed under AS 06.20 may not, in connection with a mortgage loan transaction, (1) misrepresent or conceal a material fact or make a false promise likely to influence, persuade, or induce an applicant for a mortgage loan or a borrower to e...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-5/section-06-60-350/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 5. Business Duties and Restrictions.›Sec. 06.60.350. Certain refinancing prohibited.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 5. Business Duties and Restrictions. › Sec. 06.60.350. Certain refinancing prohibited.
(a) A covered person may not refinance a mortgage loan within 12 months after the date the mortgage loan is closed unless the refinancing is beneficial to the borrower. (b) The factors to be considered when determining if refinancing is beneficial to the borrower under this section may include whether (1) the borrower'...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-5/section-06-60-360/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 5. Business Duties and Restrictions.›Sec. 06.60.360. Escrow accounts.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 5. Business Duties and Restrictions. › Sec. 06.60.360. Escrow accounts.
(a) A covered person and a borrower may agree that the covered person will keep in an escrow account all money that the borrower is required to pay to defray future taxes or insurance premiums or for other lawful purposes. The escrow account must be segregated from the other accounts of the covered person and be subjec...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-5/section-06-60-370/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 5. Business Duties and Restrictions.›Sec. 06.60.370. Criminal penalties.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 5. Business Duties and Restrictions. › Sec. 06.60.370. Criminal penalties.
(a) The department may report a violation of (b) - (e) of this section to the attorney general, who may institute the proper proceedings to enforce the criminal penalties provided in (b) - (e) of this section. (b) A person who knowingly provides false or misleading information to the department that is material under t...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-5/section-06-60-380/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 5. Business Duties and Restrictions.›Sec. 06.60.380. Definition of “covered person.”
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 5. Business Duties and Restrictions. › Sec. 06.60.380. Definition of “covered person.”
In AS 06.60.320 - 06.60.380, “covered person” means a mortgage licensee or a person who is licensed under AS 06.20.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-6/section-06-60-400/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 6. Enforcement.›Sec. 06.60.400. Cease and desist proceedings.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 6. Enforcement. › Sec. 06.60.400. Cease and desist proceedings.
(a) Notwithstanding AS 06.01.030(d) and (e), if the department finds, after notice and opportunity for a hearing, that a person has violated, is violating, or is about to violate any provision of this chapter, a regulation adopted under this chapter, or an order issued under this chapter, the department may publish fin...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-6/section-06-60-405/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 6. Enforcement.›Sec. 06.60.405. Review of temporary cease and desist orders.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 6. Enforcement. › Sec. 06.60.405. Review of temporary cease and desist orders.
(a) At any time after the respondent has been served with a temporary cease and desist order under AS 06.60.400(b), the respondent may apply to the department to have the order set aside, limited, or suspended. If the respondent has been served with a temporary cease and desist order entered without a prior hearing, th...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-6/section-06-60-410/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 6. Enforcement.›Sec. 06.60.410. Censure, suspension, or bar.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 6. Enforcement. › Sec. 06.60.410. Censure, suspension, or bar.
(a) In addition to any other remedy provided under this chapter, the department may, by order after appropriate notice and opportunity for a hearing, censure a person, suspend the license of a person for a period not to exceed 12 months, or bar a person from a position of employment, management, or control of a license...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-6/section-06-60-420/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 6. Enforcement.›Sec. 06.60.420. Civil penalty for violations.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 6. Enforcement. › Sec. 06.60.420. Civil penalty for violations.
(a) Notwithstanding AS 06.01.035, a person who violates a provision of this chapter, or a regulation adopted or an order issued under this chapter, is liable for a civil penalty not to exceed $10,000 for each violation. (b) The remedies provided by this section and by other sections of this chapter are not exclusive an...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-6/section-06-60-430/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 6. Enforcement.›Sec. 06.60.430. Additional enforcement provisions, actions, and rights.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 6. Enforcement. › Sec. 06.60.430. Additional enforcement provisions, actions, and rights.
(a) The department may treat a licensee as a financial institution under AS 06.01 when applying the enforcement provisions of AS 06.01. (b) This chapter may not be interpreted to prevent the attorney general or any other person from exercising the rights provided under AS 45.50.471 - 45.50.561. (c) If the department de...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-500/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.500. Mortgage loan originator surety fund.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.500. Mortgage loan originator surety fund.
The mortgage loan originator surety fund is established as a separate account in the general fund. The purpose of the fund is to pay fund claims against mortgage loan originator licensees.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-510/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.510. Composition of fund.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.510. Composition of fund.
The fund consists of appropriations of payments made by mortgage loan originator licensees under AS 06.60.550, filing fees for fund claims retained under AS 06.60.620, income earned on the investment of the money in the fund, and money deposited in the fund by the department under AS 06.60.740.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-520/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.520. Use of fund.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.520. Use of fund.
The legislature may appropriate the money collected in the fund under AS 06.60.510 to the department to implement AS 06.60.500 - 06.60.750, including paying claims, holding hearings, and incurring legal expenses and other expenses directly related to fund claims and the operation of the fund. Nothing in AS 06.60.500 - ...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-530/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.530. Fund report.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.530. Fund report.
Every six months, the department shall provide a written report to the director of the office of management and budget on the activities of the fund, the balances in the fund, interest earned on the fund, and interest returned to the fund.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-550/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.550. Required fund fees.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.550. Required fund fees.
(a) A person who applies for or renews a mortgage loan originator license shall pay to the department, in addition to the fees required by AS 06.60.035, a fund fee established by the department. (b) Every two years, if the department determines that the average balance in the fund during the previous two years was less...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-560/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.560. Claim for reimbursement.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.560. Claim for reimbursement.
In addition to any other remedies available to the person, a person may seek reimbursement for a loss suffered in a mortgage loan transaction as a result of fraud, misrepresentation, deceit, or the wrongful conversion of money by a mortgage loan originator licensee and is eligible to be reimbursed under AS 06.60.500 - ...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-570/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.570. Submission of fund claim.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.570. Submission of fund claim.
To seek reimbursement under AS 06.60.560, a person shall submit a fund claim to the department for the reimbursement on a form furnished by the department. The person must file the fund claim within two years after the occurrence of the fraud, misrepresentation, deceit, or conversion that is claimed as the basis for th...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-580/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.580. Form and contents of fund claim.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.580. Form and contents of fund claim.
The form for a fund claim shall be executed under penalty of unsworn falsification in the second degree and must include (1) the name and address of each mortgage loan originator licensee involved; (2) the amount of the alleged loss; (3) the date or period of time during which the alleged loss occurred; (4) the date wh...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-590/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.590. Claim hearing.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.590. Claim hearing.
Except as otherwise provided by AS 06.60.610, a hearing on a fund claim shall be handled by the office of administrative hearings (AS 44.64.010).
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-600/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.600. Filing and distribution of claim.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.600. Filing and distribution of claim.
At least 20 days before a hearing is held on the fund claim by the office of administrative hearings (AS 44.64.010), the department shall send a copy of the claim filed with the department to (1) each mortgage loan originator licensee alleged to have committed the misconduct resulting in the alleged loss; (2) the emplo...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-610/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.610. Election to use small claims court.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.610. Election to use small claims court.
(a) Within 30 days after receiving a copy of a fund claim under AS 06.60.600, a mortgage loan originator licensee against whom a claim is made may elect to defend the fund claim as a small claims action in district court under District Court Rules of Civil Procedure if the claim does not exceed the small claims jurisdi...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-620/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.620. Filing fee.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.620. Filing fee.
(a) A person who files a fund claim under AS 06.60.570 shall pay the department a filing fee of $250 when the person files the fund claim. (b) The department shall refund the filing fee required under this section if the (1) department makes an award to the claimant; (2) fund claim is dismissed under AS 06.60.610; or (...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-630/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.630. Department contracts.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.630. Department contracts.
When the department receives a fund claim, the department may contract under AS 36.30 (State Procurement Code) with an investigator, an accountant, an attorney, or another person necessary for the department to process the fund claim. A contract may cover more than one fund claim.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-640/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.640. Defense of claim.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.640. Defense of claim.
When the department receives a fund claim, the department shall allow each mortgage loan originator licensee against whom the claim is made an opportunity to file with the department, within seven days after receipt of notification of the fund claim under AS 06.60.600, a written statement in opposition to the fund clai...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-650/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.650. Standard of proof.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.650. Standard of proof.
A person who submits a fund claim under AS 06.60.570 bears the burden of establishing by a preponderance of the evidence that the person suffered a loss in a mortgage loan transaction as a result of fraud, misrepresentation, deceit, or the conversion of trust funds by a mortgage loan originator licensee and the extent ...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-660/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.660. Postponement.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.660. Postponement.
The department may postpone its consideration of a fund claim until after a hearing under AS 06.60.200 or 06.60.590 or until the completion of a pending court proceeding.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-670/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.670. Nonapplication.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.670. Nonapplication.
AS 06.60.630 - 06.60.660 do not apply to a fund claim that is dismissed under AS 06.60.610.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-680/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.680. Findings and payment.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.680. Findings and payment.
(a) At the conclusion of the department's consideration of a claim made under AS 06.60.570, the department shall issue a written report that provides the department's findings of fact and conclusions of law. (b) If the department determines that the claimant has suffered a loss in a mortgage loan transaction as a resul...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-690/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.690. Fund operations.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.690. Fund operations.
The department shall deposit into the fund money that the department recovers from a mortgage loan originator licensee under AS 06.60.745. The department may not consider amounts paid from the fund for hearing or legal expenses when determining the maximum reimbursement to be awarded under AS 06.60.710 or the maximum l...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-700/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.700. Payment of small claims judgment.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.700. Payment of small claims judgment.
(a) If a fund claim dismissed under AS 06.60.610 results in a monetary award against a mortgage loan originator licensee, the department may pay, subject to AS 06.60.710 and 06.60.720, any outstanding portion of the small claims judgment from money appropriated to the department for the purpose. (b) Before making payme...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-710/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.710. Maximum liability.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.710. Maximum liability.
(a) Payment of a fund claim may not exceed $15,000 for each claimant and $15,000 for each mortgage loan transaction regardless of the number of persons injured or the number of pieces of residential property involved in the mortgage loan transaction. (b) The maximum liability for fund claims against one mortgage loan o...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-715/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.715. Other rights of claimant.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.715. Other rights of claimant.
The rights granted to a claimant under AS 06.60.500 - 06.60.750 do not limit any other cause of action the claimant may have against a mortgage loan originator.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-720/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.720. Order of fund claim payment.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.720. Order of fund claim payment.
If the money appropriated to the department for payment under AS 06.60.520 - 06.60.750 is insufficient to satisfy an award under AS 06.60.680 for a fund claim, the department shall, when sufficient money has been appropriated to the department for the purpose, satisfy unpaid fund claims in the order the fund claims wer...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-730/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.730. False claims or documents.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.730. False claims or documents.
A person who files a notice, statement, or other document under AS 06.60.500 - 06.60.750 that contains a material misstatement of fact is guilty of a class A misdemeanor.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-740/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.740. Right to subrogation.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.740. Right to subrogation.
When the department has paid to a claimant the sum awarded under AS 06.60.680 or 06.60.700 and any amount due under AS 06.60.720, the department shall be subrogated to all of the rights of the claimant to the amount paid, and the claimant shall assign all right, title, and interest in that portion of the claim to the d...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-745/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.745. Reimbursement for expenses.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.745. Reimbursement for expenses.
If the department pays all or a portion of a fund claim against a mortgage loan originator licensee under AS 06.60.680 or 06.60.700, the department may recover from the mortgage loan originator licensee, in addition to the payment of the fund claim, the expenses incurred by the department to process and otherwise handl...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-7/section-06-60-750/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 7. Originator Surety Fund.›Sec. 06.60.750. Disciplinary action against a mortgage loan originator licensee.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 7. Originator Surety Fund. › Sec. 06.60.750. Disciplinary action against a mortgage loan originator licensee.
Repayment in full of all obligations to the fund does not nullify or modify the effect of disciplinary proceedings brought against a mortgage loan originator licensee under this chapter.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-8/section-06-60-800/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 8. Program Administration Fee.›Sec. 06.60.800. Authorization of program administration fee.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 8. Program Administration Fee. › Sec. 06.60.800. Authorization of program administration fee.
(a) The department may collect a program administration fee of $10 for each mortgage loan transaction to reimburse the state for the cost of administering this chapter. (b) The program administration fee shall be paid by a borrower who is providing real property as security for the mortgage loan, except that, if the re...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-9/section-06-60-850/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 9. Duties and Powers of the Department.›Sec. 06.60.850. Publication of disciplinary action.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 9. Duties and Powers of the Department. › Sec. 06.60.850. Publication of disciplinary action.
The department may release, through the Internet, the registry, or other publication, notice of disciplinary action taken by the department against a person required to be licensed under this chapter.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-9/section-06-60-860/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 9. Duties and Powers of the Department.›Sec. 06.60.860. Authority of department.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 9. Duties and Powers of the Department. › Sec. 06.60.860. Authority of department.
The department may make a ruling, demand, or finding that the department determines is necessary for the proper conduct of a licensee's business regulated by this chapter or for the enforcement of this chapter, including an order for the payment of restitution. The ruling, demand, or finding must be consistent with thi...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-10/section-06-60-890/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 10. Miscellaneous Provisions.›Sec. 06.60.890. Application to Internet activities.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 10. Miscellaneous Provisions. › Sec. 06.60.890. Application to Internet activities.
This chapter applies to a person even if the person is engaging in the activities regulated by this chapter by using an Internet website from within or outside the state.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-10/section-06-60-895/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 10. Miscellaneous Provisions.›Sec. 06.60.895. Effect of revocation, suspension, or surrender of license.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 10. Miscellaneous Provisions. › Sec. 06.60.895. Effect of revocation, suspension, or surrender of license.
The revocation, suspension, or surrender of a license does not impair or otherwise affect the rights or obligations of a preexisting lawful contract between the licensee and a borrower.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-10/section-06-60-900/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 10. Miscellaneous Provisions.›Sec. 06.60.900. Applicability of administrative procedures.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 10. Miscellaneous Provisions. › Sec. 06.60.900. Applicability of administrative procedures.
Notwithstanding AS 06.01.030(f), the provisions of AS 44.62 (Administrative Procedure Act) apply to an action of the department to deny, revoke, or suspend a license or registration under this chapter, to censure, suspend, or bar a person under AS 06.60.410, to take other disciplinary action under this chapter, to hold...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-10/section-06-60-905/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 10. Miscellaneous Provisions.›Sec. 06.60.905. Untrue, misleading, or false statements.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 10. Miscellaneous Provisions. › Sec. 06.60.905. Untrue, misleading, or false statements.
A person may not, in a document filed with the department or in an examination, an investigation, a hearing, or another proceeding under this chapter, make or cause to be made an untrue statement of a material fact, or omit to state a material fact necessary in order to make the statement made, in the light of the circ...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-10/section-06-60-910/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 10. Miscellaneous Provisions.›Sec. 06.60.910. Regulations.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 10. Miscellaneous Provisions. › Sec. 06.60.910. Regulations.
The department may adopt regulations under AS 44.62 (Administrative Procedure Act) to implement this chapter.
https://law.justia.com/codes/alaska/title-6/chapter-60/article-10/section-06-60-920/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 10. Miscellaneous Provisions.›Sec. 06.60.920. Relationship to federal and other state law.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 10. Miscellaneous Provisions. › Sec. 06.60.920. Relationship to federal and other state law.
(a) If a provision of this chapter is preempted by or conflicts with federal law in a particular situation, the provision does not apply to the extent of the preemption or conflict. (b) If a provision of this chapter conflicts with another state law in a particular situation, the provision in this chapter governs to th...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-11/section-06-60-990/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 11. General Provisions.›Sec. 06.60.990. Definitions.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 11. General Provisions. › Sec. 06.60.990. Definitions.
In this chapter, unless the context otherwise requires, (1) “bona fide nonprofit organization” means an organization that the department has determined qualifies as a bona fide nonprofit organization under AS 06.60.015(c); (2) “borrower” means an individual who receives a mortgage loan; (3) “consumer reporting agency” ...
https://law.justia.com/codes/alaska/title-6/chapter-60/article-11/section-06-60-995/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 60. Mortgage Licensing›Article 11. General Provisions.›Sec. 06.60.995. Short title.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 60. Mortgage Licensing › Article 11. General Provisions. › Sec. 06.60.995. Short title.
This chapter may be known as the Alaska Secure and Fair Enforcement for Mortgage Licensing Act of 2010.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-010/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.010. Program authorized.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.010. Program authorized.
The Alaska savings program for eligible individuals is created in the department. The department shall implement and administer the program under this chapter and as required by the federal authorizing law.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-020/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.020. General department duties.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.020. General department duties.
(a) To implement and administer the program, the department shall, in addition to the other powers and duties provided to the department under this chapter, (1) develop, set, and approve the terms and conditions of the program, consistent with this chapter and the federal authorizing law, including limiting the nature ...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-030/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.030. Modification of program.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.030. Modification of program.
Consistent with this chapter and the federal authorizing law, the department may modify the terms and conditions of the program as the department considers necessary or desirable for the effective and efficient operation of the program.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-040/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.040. Additional department powers.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.040. Additional department powers.
The department may (1) set fees the department considers necessary or desirable for program transactions and services; and (2) develop marketing plans and materials to promote the benefits of the program that are available to contributors under the program and to beneficiaries under the program.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-050/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.050. Contracting authority; procurement exemption.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.050. Contracting authority; procurement exemption.
(a) The department may contract with a person to advise and assist in the implementation and operation of the program. (b) The department may contract with a person to provide services for the program. (c) The department may enter into a contract with other states to obtain or provide the services for implementing the ...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-060/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.060. Investment oversight.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.060. Investment oversight.
The department shall (1) oversee and approve the selection of investment managers and advisors for the program; (2) oversee all aspects of the program's investments and investment performance and decisions regarding the investment of program assets; and (3) oversee all investment disclosure documents and regulatory fil...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-070/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.070. Financial contractor obligations.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.070. Financial contractor obligations.
In addition to any other obligations imposed by the contract with the department, if the department enters into a contract with a person to provide program accounts, the financial contractor shall (1) provide program accounts that comply with the federal authorizing law; (2) take the action necessary to keep the progra...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-080/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.080. Additional audits.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.080. Additional audits.
In addition to the annual audit required by AS 06.65.020(a)(5), the department may require a financial contractor to have an audit conducted of the financial contractor's operations and financial position when the department is concerned about the financial position, the record-keeping practices, or the status of the p...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-090/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.090. Contract termination; nonrenewal.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.090. Contract termination; nonrenewal.
The department may terminate or fail to renew a financial contract. If the department terminates or does not renew a contract with a financial contractor, the department shall take custody of the program accounts held by the financial contractor and transfer the program accounts to another financial contractor as soon ...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-100/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.100. Eligible individuals.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.100. Eligible individuals.
To be eligible for a program account, when an individual or the individual's representative establishes the program account or makes a distribution to another program account under AS 06.65.200, the individual must be (1) entitled to benefits based on blindness or disability under 42 U.S.C. 401 - 434 or 42 U.S.C. 1381 ...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-110/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.110. Representative of eligible individual.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.110. Representative of eligible individual.
(a) A person may act as the representative of an eligible individual under this chapter if the eligible individual is a minor or lacks decision-making capacity and if the person is (1) a parent, guardian, or conservator of the eligible individual; in this paragraph, (A) “conservator” has the meaning given in AS 13.06.0...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-120/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.120. Program account ownership.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.120. Program account ownership.
(a) The owner of a program account is the designated beneficiary of the program account. (b) If a representative of an eligible individual establishes a program account for an eligible individual, the representative is not an owner of the program account and does not have or acquire an interest in the assets of the pro...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-130/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.130. Number of program accounts.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.130. Number of program accounts.
An eligible individual may not be the designated beneficiary on more than one program account.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-140/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.140. Program account application.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.140. Program account application.
The application for a program account must be in the form established by the department and contain (1) the name, address, and social security number of the program account owner and, if applicable, the representative who opens the program account for the eligible individual; and (2) additional information that the dep...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-150/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.150. Program account establishment fee.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.150. Program account establishment fee.
The financial contractor may charge an eligible individual a nonrefundable fee for establishing a program account. The department shall establish the amount of the fee by contract with the financial contractor or by regulation.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-160/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.160. Program account contributions.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.160. Program account contributions.
(a) As provided by the federal authorizing law, a person may make a contribution to a program account for the designated beneficiary. A person may also make a contribution to a program account under AS 14.40.802(f)(3). (b) A person may not make a contribution to open or add to a program account unless the person makes ...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-170/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.170. Limited investment direction.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.170. Limited investment direction.
A designated beneficiary or the designated beneficiary's representative may not, directly or indirectly, direct the investment of a program account, including the earnings on the program account, more than twice in one calendar year.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-180/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.180. Change of designated beneficiary.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.180. Change of designated beneficiary.
A designated beneficiary or the designated beneficiary's representative may change the designated beneficiary of a program account to an eligible individual who is a member of the family of the previous designated beneficiary.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-190/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.190. Distributions for qualified expenses.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.190. Distributions for qualified expenses.
Except as allowed under AS 06.65.200, a designated beneficiary or the representative of the designated beneficiary may not make a withdrawal or other distribution from a program account unless the withdrawal or other distribution is used to pay for the qualified expenses of the designated beneficiary.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-200/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.200. Rollover distribution.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.200. Rollover distribution.
(a) Subject to the restrictions in the federal authorizing law for rollover distributions, a designated beneficiary or the designated beneficiary's representative may make a distribution of the money in a program account to another (1) program account if the designated beneficiary of the program account to which the di...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-210/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.210. Statements.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.210. Statements.
(a) A financial contractor shall provide program account statements to the designated beneficiary or the designated beneficiary's representative of each program account established with the financial contractor at least four times each year and at the times the department establishes. (b) A financial contractor shall p...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-220/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.220. Preparation and filing.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.220. Preparation and filing.
In addition to the other reporting requirements of this chapter, a financial contractor shall prepare and file the statements, program account information, and other information as required by state and federal law and state and federal agencies.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-230/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.230. Separate accounting.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.230. Separate accounting.
A financial contractor shall provide separate accounting for each program account established with the financial contractor.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-240/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.240. Annual fee.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.240. Annual fee.
A financial contractor may impose an annual fee as may be established by the department on the program account owner for the maintenance of a program account.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-250/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.250. Use as security.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.250. Use as security.
A person may not use a program account or an interest in a program account as security for a loan. If a person pledges a program account or an interest in a program account as security for a loan, the pledge is void.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-260/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.260. No state obligation.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.260. No state obligation.
(a) This chapter may not be construed to create an obligation of the state, the department, or an agency or instrumentality of the state to guarantee for the benefit of a designated beneficiary (1) the return of the principal deposited in the program account; (2) a rate of interest or other return on the principal in a...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-270/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.270. Confidentiality.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.270. Confidentiality.
The department, the Department of Health, and another state agency that receives information under AS 06.65.280 shall maintain the confidentiality of the information they receive or exchange under this chapter about eligible individuals, designated beneficiaries, and program accounts as required by state and federal la...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-280/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.280. Exchange of information.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.280. Exchange of information.
The department may exchange information with the Department of Health and other state agencies to determine whether an individual is an eligible individual.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-290/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.290. Treatment under means test programs.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.290. Treatment under means test programs.
(a) Notwithstanding a contrary provision of law, a state agency may not consider a program account amount in this or another state when determining the eligibility of the designated beneficiary of the program account to receive state assistance or state benefits or when determining the amount of state assistance or sta...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-300/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.300. Deposit from permanent fund dividend.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.300. Deposit from permanent fund dividend.
A person who is eligible under AS 43.23 to receive a permanent fund dividend may make a deposit into the program account of a designated beneficiary from and up to the amount of the person's permanent fund dividend.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-310/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.310. Program expense fund.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.310. Program expense fund.
(a) The program expense fund is established as a separate fund of the state in the general fund. (b) The program expense fund consists of money appropriated to the fund to pay the expenses of the program. (c) The department shall pay the expenses incurred by the department to implement and administer the program from t...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-320/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.320. Medicaid claims.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.320. Medicaid claims.
This state or another state may file a claim against the amount remaining in the program account of a deceased designated beneficiary to recover medical assistance payments if the payments were made for the designated beneficiary, were made under that state's Medicaid program authorized by 42 U.S.C. 1396 - 1396p (Title...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-330/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.330. Governing law.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.330. Governing law.
If a provision of this chapter conflicts with the requirements of the federal authorizing law for the program, the federal authorizing law governs to the extent of the conflict.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-340/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.340. Regulations.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.340. Regulations.
The department may adopt regulations under AS 44.62 (Administrative Procedure Act) to implement this chapter.
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-350/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.350. Annual report.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.350. Annual report.
The department shall evaluate the program each year. The department shall submit an annual report containing the evaluation to the senate secretary and chief clerk of the house of representatives on or before the first day of each regular session of the legislature and shall notify the legislature that the report is av...
https://law.justia.com/codes/alaska/title-6/chapter-65/section-06-65-390/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 65. Alaska Savings Program for Eligible Individuals›Sec. 06.65.390. Definitions.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 65. Alaska Savings Program for Eligible Individuals › Sec. 06.65.390. Definitions.
In this chapter, (1) “department” means the Department of Revenue; (2) “designated beneficiary” means the eligible individual for whom a program account for qualified expenses is established under this chapter; (3) “eligible individual” means an individual who is eligible under AS 06.65.100; (4) “federal authorizing la...
https://law.justia.com/codes/alaska/title-6/chapter-90/section-06-90-010/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 6. Banks and Financial Institutions›Chapter 90. Miscellaneous Provisions›Sec. 06.90.010. Automated teller machine fee.
2023 Alaska Statutes › Title 6. Banks and Financial Institutions › Chapter 90. Miscellaneous Provisions › Sec. 06.90.010. Automated teller machine fee.
Unless a fee is otherwise prohibited by or conflicts with federal law, a person that owns an automated teller machine may charge a fee for the use of the automated teller machine to conduct a transaction accessing an account from an international financial institution. In this section, (1) “automated teller machine” me...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-010/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.010. Applicability of chapter.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.010. Applicability of chapter.
This chapter applies to the (1) Board of Public Accountancy (AS 08.04.010); (2) regulation of acupuncturists under AS 08.06; (3) State Board of Registration for Architects, Engineers, and Land Surveyors (AS 08.48.011); (4) Athletic Commission (AS 05.05 and AS 05.10); (5) regulation of athletic trainers under AS 08.07; ...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-020/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.020. Board organization.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.020. Board organization.
Board members are appointed by the governor and serve at the pleasure of the governor. Unless otherwise provided, the governor may designate the chair of a board, and all other officers shall be elected by the board members. Unless otherwise provided, officers of a board are the chair and the secretary. A board may pro...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-025/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.025. Public members.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.025. Public members.
A public member of a board may not (1) be engaged in the occupation that the board regulates; (2) be associated by legal contract with a member of the occupation that the board regulates except as a consumer of the services provided by a practitioner of the occupation; or (3) have a direct financial interest in the occ...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-030/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.030. Quorum.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.030. Quorum.
A majority of the membership of a board constitutes a quorum unless otherwise provided.
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-035/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.035. Appointments and terms.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.035. Appointments and terms.
Members of boards subject to this chapter are appointed for staggered terms of four years. Except as provided in AS 39.05.080(4), a member of a board serves until a successor is appointed. Except as provided in AS 39.05.080(4), an appointment to fill a vacancy on a board is for the remainder of the unexpired term. A me...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-040/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.040. Transportation and per diem.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.040. Transportation and per diem.
A board member is entitled to transportation expenses and per diem as set out in AS 39.20.180.
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-050/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.050. Administrative duties of department.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.050. Administrative duties of department.
(a) The department shall perform the following administrative and budgetary services when appropriate: (1) collect and record fees; (2) maintain records and files; (3) issue and receive application forms; (4) notify applicants of acceptance or rejection as determined by the board or, for occupations or activities liste...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-060/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.060. Application for license.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.060. Application for license.
(a) All applications for examination or licensing to engage in the business or profession covered by this chapter shall be made in writing to the department. (b) If the applicant is a natural person, the application must require that the applicant submit the applicant's social security number to the department. Notwith...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-062/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.062. Courtesy licenses.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.062. Courtesy licenses.
(a) A board established under this title and the department, with respect to an occupation that it regulates under this title, may by regulation establish criteria for issuing a temporary courtesy license to nonresidents who enter the state so that, on a temporary basis, they may practice the occupation regulated by th...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-063/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.063. Military courtesy licenses.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.063. Military courtesy licenses.
(a) Except as provided in (d) of this section, and notwithstanding another provision of law, the department or appropriate board shall issue a temporary courtesy license to an active duty member of the armed forces of the United States or the spouse of an active duty member of the armed forces of the United States if t...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-064/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.064. Military education, training, and service credit; temporary license.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.064. Military education, training, and service credit; temporary license.
(a) Notwithstanding another provision of law, the department or applicable board shall accept military education, training, and service for some or all of the qualifications otherwise required of an applicant for a license or certificate issued under this chapter if (1) the department or applicable board determines tha...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-065/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.065. Establishment of fees.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.065. Establishment of fees.
(a) [See delayed amendment note.] Except for business licenses, the department shall adopt regulations that establish the amount and manner of payment of application fees, examination fees, license fees, registration fees, permit fees, investigation fees, and all other fees as appropriate for the occupations covered by...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-070/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.070. Administrative duties of boards.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.070. Administrative duties of boards.
Each board shall perform the following duties in addition to those provided in its respective law: (1) take minutes and records of all proceedings; (2) hold a minimum of one meeting each year; (3) hold at least one examination each year; (4) request, through the department, investigation of violations of its laws and r...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-075/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.075. Disciplinary powers of boards.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.075. Disciplinary powers of boards.
(a) A board may take the following disciplinary actions, singly or in combination: (1) permanently revoke a license; (2) suspend a license for a specified period; (3) censure or reprimand a licensee; (4) impose limitations or conditions on the professional practice of a licensee; (5) require a licensee to submit to pee...
https://law.justia.com/codes/alaska/title-8/chapter-01/section-08-01-077/
AK
Justia›US Law›US Codes and Statutes›Alaska Statutes›2023 Alaska Statutes›Title 8. Business and Professions›Chapter 01. Centralized Licensing›Sec. 08.01.077. Conviction as grounds for disciplinary action.
2023 Alaska Statutes › Title 8. Business and Professions › Chapter 01. Centralized Licensing › Sec. 08.01.077. Conviction as grounds for disciplinary action.
Notwithstanding any other provision of this title, the conviction under AS 47.24.010 of a person licensed, certified, or regulated by the department or a board under this title may be considered by the department or board as grounds for disciplinary proceedings or sanctions.