{"data":{"id":"us-ak/as-06.60.200","jurisdiction":"us-ak","citation":"AS 06.60.200","heading":"Disciplinary action.","body":"(a) In addition to other disciplinary action allowed under this chapter or under AS 06.01, the department may deny, suspend, revoke, condition, or decline to renew a license or take other disciplinary action against a person subject to this chapter, including action under a regulation adopted under this chapter, if the department finds that the person\n(1) fails to comply with an applicable provision of this title, an applicable regulation adopted under this title, a lawful demand, ruling, order, or requirement of the department, or other state or federal statute or regulation applicable to the conduct of the licensee's business;\n(2) fails to meet the minimum standards for issuance or renewal of a license; or\n(3) knowingly withholds material information or negligently makes a material misstatement in an application for or renewal of a license.\n(b) The department may\n(1) order a person subject to this chapter to cease and desist from conducting business, including an immediate temporary order to cease and desist;\n(2) order a person subject to this chapter to cease and desist from violating this chapter, including an immediate temporary order to cease and desist;\n(3) impose a fine on a person subject to this chapter under AS 06.60.420;\n(4) issue an order of rescission, restitution, or disgorgement directed to a person subject to this chapter for a violation of this chapter;\n(5) order other affirmative action that the department considers necessary, including an accounting, an asset freeze, or the appointment of a receiver.\n(c) A disciplinary action under this section may be taken by itself or in conjunction with one or more other disciplinary actions under this chapter or under AS 06.01.","path":["Title 6. Banks and Financial Institutions.","Chapter 60. Mortgage Licensing.","Article 4. Discipline and Investigation."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.60.200","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"11da2b509afd8215a22cdaed8e51d65f162fee9c9c106d9fd42baac0394f5b52","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.60.160","next":"us-ak/as-06.60.210"},"notice":"GroundRules: Original legal text. Not legal advice."}