- (a) Unless exempt from licensing under AS 06.60.015(a), a person must be licensed by the department as a mortgage licensee to operate in the state as a mortgage broker or mortgage lender with respect to a dwelling or residential real estate in the state.
- (b) A mortgage licensee may operate in the state as a mortgage lender or a mortgage broker, or as both a mortgage lender and mortgage broker.
(Eff. 7/1/2008, Register 186; am 12/4/2010, Register 196)
Authority: AS 06.60.010, AS 06.60.013, AS 06.60.015, AS 06.60.910