Alaska Statutes 06.60.500 – Mortgage loan originator surety fund
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.60.500
- fund: means the mortgage loan originator surety fund established under Alaska Stat. See Alaska Statutes 06.60.990
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
The mortgage loan originator surety fund is established as a separate account in the general fund. The purpose of the fund is to pay fund claims against mortgage loan originator licensees.