Alaska Statutes 06.60.097 – Surrender of license

(a) A licensee may surrender a license issued to the licensee by delivering written notice to the department that the licensee intends to surrender the license, except that a mortgage licensee may not surrender a license until all loans of that mortgage licensee have either been paid in full or sold.

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Terms Used In Alaska Statutes 06.60.097

department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.60.990
license: means a license issued under this chapter. See Alaska Statutes 06.60.990
licensee: means a person who holds a license issued under this chapter. See Alaska Statutes 06.60.990
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
mortgage licensee: means a person who holds a mortgage license. See Alaska Statutes 06.60.990

(b)[Repealed, Sec. 87 ch 61 SLA 2010].

(c) Surrender of a license under this section does not affect the licensee’s civil or criminal liability for acts committed before surrender of the license.

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