Section 3 AAC 14.072 - Application and license fees(a) When a person applies for a mortgage license under AS 06.60, the person shall pay to the department through the registry (1) an application fee of $500 in partial payment of investigative expenses incurred by the department; and(2) an annual license fee of $1,000 for the period that expires on December 31 after the date the license is issued.(b) When a person applies for a mortgage loan originator license under AS 06.60, the person shall pay to the department through the registry (1) an application fee of $250 in partial payment of investigative expenses incurred by the department;(2) an annual license fee of $300 for the period that expires on December 31 after the date the license is issued; and(3) a surety fund fee of $50.(c) Fees established under this chapter are nonrefundable.(d) Nothing in this section relieves an applicant from the obligation to pay processing or other fees that the registry sets for services that the registry provides.(e) The nonrefundable fee for an annual bona fide nonprofit exemption registration under AS 06.60.015(e) is $400. The organization shall pay the fee to the department through the registry each year for the period that expires on December 31 after the date the registration is issued. An organization that chooses to apply for a bona fide nonprofit exemption registration shall apply annually on or after November 1 to ensure that the organization continues to comply with AS 06.60. The application must be received by the department through the registry on or before December 1.Eff. 12/4/2010, Register 196; am 1/1/2017, Register 220, January 2017; am 2/6/2020, Register 233, April 2020Authority:AS 06.60.010
AS 06.60.012
AS 06.60.015
AS 06.60.035
AS 06.60.910