Alaska Statutes 06.60.740 – Right to subrogation
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.60.740
- department: means the Department of Commerce, Community, and Economic Development. See Alaska Statutes 06.60.990
- fund: means the mortgage loan originator surety fund established under Alaska Stat. See Alaska Statutes 06.60.990
When the department has paid to a claimant the sum awarded under Alaska Stat. § 06.60.680 or 06.60.700 and any amount due under Alaska Stat. § 06.60.720, the department shall be subrogated to all of the rights of the claimant to the amount paid, and the claimant shall assign all right, title, and interest in that portion of the claim to the department. Money collected by the department on the claim shall be deposited in the fund.