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For assistance with mortgage licensing contact us at:Direct Phone: (714) 656-3960
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Information herein is for educational purpose only and is not meant to be a complete statement of all state mortgage licensing requirements. Additional State and FHA mortgage licensing requirements may be required. If you need further information, we would encourage you to contact us directly.
Alaska Soon Requires Mortgage Licensing
Effective July 1, 2008, mortgage lenders, mortgage brokers, loan originators, and other persons who engage in activities relating to mortgage lending in Alaska will be required to be licensed by the state. HB 162 sets up a fee schedule for the license and requires an applicant to pass an exam. The bill requires licensees to be bonded and a possible brick'n'mortar requirement.. Prior to the enactment of the Bill, the State of Alaska did not have a licensing or registration statute that regulated mortgage lending activities. Alaska is the last state not to license and regulate residential mortgage lending.
06.04.2007. 22:48
Founder on 06.19.2007. 11:27
Alaska has clarified the brick'n'mortar requirement. They will not be requiring a physical office in the state of Alaska. They will only be requiring that all locations must disclose if there are any other businesses in the same office. I'm not sure why there was a misunderstanding.
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