{"data":{"id":"us-ak/as-06.60.370","jurisdiction":"us-ak","citation":"AS 06.60.370","heading":"Criminal penalties.","body":"(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.\n(b) A person who knowingly provides false or misleading information to the department that is material under this chapter is guilty of a class A misdemeanor.\n(c) A person who knowingly fails to account for or deliver to a person money, deposits, or checks or other forms of negotiable instruments in violation of the provisions of this chapter is guilty of a class A misdemeanor.\n(d) A licensee who knowingly fails to disburse money belonging to the borrower without just cause is guilty of a class A misdemeanor.\n(e) Unless the person is exempt from licensing under this chapter, a person who knowingly operates in this state as a mortgage lender, mortgage broker, or mortgage loan originator without a license issued under this chapter is guilty of a class A misdemeanor.","path":["Title 6. Banks and Financial Institutions.","Chapter 60. Mortgage Licensing.","Article 5. Business Duties and Restrictions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.60.370","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"9241e8d8a16abb8acdb437947d3a0296ea66adb887b40383739d653970cb6e5f","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.60.360","next":"us-ak/as-06.60.380"},"notice":"GroundRules: Original legal text. Not legal advice."}