Alaska Statutes 06.60.100 – Annual report

(a) Annually, on or before a date established by the department by regulation, a mortgage licensee and a registered depository institution shall file a report with the department providing relevant information that the department requires concerning the business and operations of the mortgage licensee or registered depository institution. The mortgage licensee and the registered depository institution shall make the report under oath or on affirmation. The content and form of the report shall be established by the department by regulation.

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Terms Used In Alaska Statutes 06.60.100

department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.60.990
depository institution: has the meaning given in 12 U. 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
registered depository institution: means a depository institution that is registered under Alaska Stat. See Alaska Statutes 06.60.990
registry: means the Nationwide Mortgage Licensing System and Registry. See Alaska Statutes 06.60.990

(b) A mortgage licensee who or registered depository institution that fails to file a report as required by this section is subject to a civil penalty of $25 for each day’s failure to file the report.

(c) A mortgage licensee and a registered depository institution shall submit to the registry, as required by the registry, reports of the condition of the licensee or registered depository institution, which must be in the form and contain the information that the registry may require.

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