{"data":{"id":"us-ak/as-06.60.410","jurisdiction":"us-ak","citation":"AS 06.60.410","heading":"Censure, suspension, or bar.","body":"(a) In addition to any other remedy provided under this chapter, the department may, by order after appropriate notice and opportunity for a hearing, censure a person, suspend the license of a person for a period not to exceed 12 months, or bar a person from a position of employment, management, or control of a licensee or registered depository institution if the department finds that\n(1) the censure, suspension, or bar is in the public interest;\n(2) the person has knowingly committed or caused a violation of this chapter or a regulation adopted under this chapter; and\n(3) the violation has caused material damage to the licensee, to the registered depository institution, or to the public.\n(b) When a person who is the subject of a proposed order under this section receives a notice of the department's intention to issue an order under this section, the person is immediately prohibited from engaging in any activities for which a license is required under this chapter or for which registration is required under AS 06.60.014.\n(c) A person who is suspended or barred under this section is prohibited from participating in a business activity of a licensee or registered depository institution and from engaging in a business activity on the premises where a licensee or registered depository institution is conducting the business of a licensee or registered depository institution. This subsection may not be construed to prohibit a suspended or barred person from having the person's personal transactions processed by a licensee or registered depository institution.","path":["Title 6. Banks and Financial Institutions.","Chapter 60. Mortgage Licensing.","Article 6. Enforcement."],"source_url":"https://www.akleg.gov/basis/statutes.asp#06.60.410","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:16:15Z","sha256":"7a64b4f486a64b327b6e71c50ea7abcca7d0d1f52edb0acee0dcae6afecc4088","source_id":"us-ak","stale":false,"prev":"us-ak/as-06.60.405","next":"us-ak/as-06.60.420"},"notice":"GroundRules: Original legal text. Not legal advice."}