To apply for an originator license under AS 06.60.020, a person must submit

1. (1) to the registry Form MU4;
2. (2) an authorization for a federal criminal background check through the registry and a complete set of fingerprints for a federal criminal history background check under procedures established by the registry;
3. (3) upon request of the department, an additional complete set of fingerprints to the department in a form acceptable to the Department of Public Safety for a state criminal history record check;

4. (4) authorization under AS 06.60.027(a)(2) for the registry and the department to obtain

   1. (A) an independent credit report from a consumer reporting agency; and
   2. (B) information related to administrative, civil, or criminal findings by a governmental jurisdiction;
5. (5) if the answer to any of the disclosure questions on the Form MU4 is "yes," complete details in writing to the department of all events or proceedings, including as applicable, the name and location of the court, the docket or case number, and the status and summary of the event or proceeding, and a copy of an applicable charge, order, or consent agreement;

6. (6) to the registry proof that the applicant has completed the approved prelicensing education required under AS 06.60.038; however, prelicensing education expires, and the applicant must complete an additional 20 hours of approved prelicensing education in order to be eligible under AS 06.60 for a state mortgage loan originator license, if the applicant

   1. (A) fails to acquire a valid state license or federal registration as a mortgage loan originator within three years from the date of completion of any approved prelicensing education course; or
   2. (B) fails to acquire a valid state license or federal registration as a mortgage loan originator within three years from the last date of licensure or registration as a mortgage loan originator;
7. (7) to the registry proof that the applicant has passed the national component of the qualified written test required under AS 06.60.040;
8. (8) proof to the department through the registry that the applicant has achieved a passing score on the state component of the qualified written test; and
9. (9) other information, documentation, and payments as allowed by AS 06.60 and required by the department or the registry.

(Eff. 7/1/2008, Register 186; am 7/24/2009, Register 191; am 12/4/2010, Register 196; am 2/6/2020, Register 233)

Authority: AS 06.60.020, AS 06.60.035, AS 06.60.910, AS 06.60.027, AS 06.60.040