{"data":{"id":"us-ak/as-06.60.012","jurisdiction":"us-ak","citation":"AS 06.60.012","heading":"Mortgage loan originator license required.","body":"(a) Unless exempt under AS 06.60.015, an individual may not operate in the state as a mortgage loan originator with respect to a dwelling located in the state unless the individual is licensed as a mortgage loan originator under this chapter.\n(b) An individual required to be licensed as a mortgage loan originator shall\n(1) register with the registry and maintain a valid unique identifier issued by the registry;\n(2) work under\n(A) an exclusive contract for, or as an employee of, a mortgage licensee; or\n(B) an exclusive contract for a registered depository institution; and\n(3) be sponsored in the registry by a mortgage licensee under a sponsorship approved in the registry by the department or be sponsored by a registered depository institution under AS 06.60.014; in this paragraph, “sponsored” means authorized to conduct business as a mortgage loan originator under the supervision of a mortgage licensee or a registered depository institution.","path":["Title 6. Banks and Financial Institutions.","Chapter 60. Mortgage Licensing."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.60.012","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"21d593123275f2933c24338522c2830a42b67ecbb078af51b81fc79b322a0fcf","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.60.010","next":"us-ak/as-06.60.013"},"notice":"GroundRules: Original legal text. Not legal advice."}