Alaska Statutes 06.60.745 – Reimbursement for expenses
Current as of: 2023 | Check for updates
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Terms Used In Alaska Statutes 06.60.745
- 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
- fund claim: means a claim against the fund. 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.
If the department pays all or a portion of a fund claim against a mortgage loan originator licensee under Alaska Stat. § 06.60.680 or 06.60.700, the department may recover from the mortgage loan originator licensee, in addition to the payment of the fund claim, the expenses incurred by the department to process and otherwise handle the fund claim.