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Alaska Administrative Code (Last Updated: January 12, 2017) |
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Title 3. Commerce, Community, and Economic Development. |
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Part 3.1. Banking, Securities, Small Loans and Corporations. |
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Chapter 3.14. Mortgage Lending. |
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Article 3.14.2. Registration as a Small Mortgage Lender or Small Mortgage Originator. |
Section 3.14.725. Department action if licensee does not request a hearing.
Latest version.
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If a mortgage loan originator licensee named in a fund claim under AS 06.60.570 - 06.60.580 does not file a timely request for hearing after receiving written notice of the claim under 3 AAC 14.720, the department will review the materials submitted by the claimant and apply the standards in AS 06.60.680 to prepare a written determination as to whether to award the claimant reimbursement from the fund. The written determination is the final decision of the department, unless the claimant requests a hearing no later than 30 days after receipt of the written determination.
Authorities
06.60.680;06.60.910