Section 3.14.920. Name and address changes.

	(a)  A person required to be licensed under AS 06.60  shall maintain a current, valid mailing address and electronic mail address with the department through the registry. An applicant or licensee shall monitor its record in the registry and its electronic mail address filed with the registry for communications from the department and information regarding its license. For an applicant or licensee, the department will use the latest mailing address submitted to the registry for official communications, notifications, and service of legal process.  
	(b)  A person required to be licensed under AS 06.60  shall file an application to amend its record with the department through the registry immediately upon a change of a mailing or electronic mail address. A mortgage licensee shall submit a fee of $50 to the department through the registry with an application to amend its record because of a change of a mailing address. The department will not assess a fee to amend the mailing address of a mortgage loan originator in the registry. A change of the mailing address of a licensee in the registry is effective when approved by the department in the registry.  
	(c)  If a mortgage licensee seeks to change its name, the mortgage licensee must submit an application to amend its Form MU1 and a fee of $50 to the department through the registry. No later than seven days after filing the application to amend the Form MU1 for a change of name, a mortgage licensee must submit directly to the department  
		(1) organizational documents filed with the domestic state under 3 AAC 14.056 with the changed name and, if the mortgage licensee is organized outside this state, documentation of authority to conduct business in this state with the changed name; and  
		(2) a copy of the name registration form with the changed name, stamped "received" by the department division overseeing corporations.  
	(d)  If a mortgage loan originator licensee changes the licensee's name, the mortgage loan originator licensee shall submit an amended Form MU4 to the department through the registry no later than 30 days after the change of name.  
	(e)  No later than seven days of filing the amended Form MUI or Form MU4 due to a change of name, a mortgage loan originator licensee must submit directly to the department a copy of the marriage certificate, court document, or other legal document, if applicable, verifying the change of name.  
	(f)  The department will not charge a fee for a change of name of a mortgage loan originator licensee. Nothing in this subsection relieves the mortgage loan originator licensee of the obligation, if any, to pay the registry a fee for a change of name.  
	(g)  A name change takes effect in the registry upon the approval of the department.  

Authorities

06.60.870;06.60.910

Notes

Authority

AS 06.60.870 AS 06.60.910

History

Eff. 7/1/2008, Register 186; am 7/24/2009, Register 191; am 12/13/2009, Register 192; am 12/4/2010, Register 196