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Terms Used In Alaska Statutes 06.60.155

  • Contract: A legal written agreement that becomes binding when signed.
  • 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

A mortgage loan originator licensee may only work as a mortgage loan originator licensee under contract for, or as an employee of, one mortgage licensee.