Alaska Statutes 06.60.325 – Display of unique identifier
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.60.325
- department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.60.990
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- mortgage broker: means a person who, for compensation or gain, or in the expectation of compensation or gain, directly or indirectly, by telephone, by electronic means, by mail, through the Internet, in person, or by the person itself or a mortgage loan originator,
(A) arranges with a variety of lending sources, including private lenders, institutional investors, or wholesale lenders, to provide financing for mortgage loans. See Alaska Statutes 06.60.990 - Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
- mortgage loan: means a residential mortgage loan. See Alaska Statutes 06.60.990
- person: includes a corporation, company, partnership, firm, association, organization, business trust, or society, as well as a natural person. See Alaska Statutes 01.10.060
- registry: means the Nationwide Mortgage Licensing System and Registry. See Alaska Statutes 06.60.990
- unique identifier: means a number or other identifier assigned to a licensee by protocols established by the registry. See Alaska Statutes 06.60.990
A person operating as a mortgage lender, mortgage broker, or mortgage loan originator shall clearly display the unique identifier assigned to the person by the registry on all residential mortgage loan application forms, solicitations, and advertisements, including business cards or websites, and any other documents as established by regulation or order of the department.