# Alaska Stat. § 06.60.012: Mortgage loan originator license required

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.012

## Section

- **Citation:** Alaska Stat. § 06.60.012
- **Heading:** Mortgage loan originator license required
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 6 / Chapter 06.60 / Section 06.60.012

## Text

(a) Unless exempt under AS 06.60.015 , an individual may not operate in the state as a mortgage loan originator with respect to a dwelling located in the state unless the individual is licensed as a mortgage loan originator under this chapter.

(b) An individual required to be licensed as a mortgage loan originator shall (1) register with the registry and maintain a valid unique identifier issued by the registry;

(2) work under (A) an exclusive contract for, or as an employee of, a mortgage licensee; or

(B) an exclusive contract for a registered depository institution; and

(3) be sponsored in the registry by a mortgage licensee under a sponsorship approved in the registry by the department or be sponsored by a registered depository institution under AS 06.60.014 ; in this paragraph, “sponsored” means authorized to conduct business as a mortgage loan originator under the supervision of a mortgage licensee or a registered depository institution.

## Nearby sections

- [Alaska Stat. § 06.60.010 Mortgage lender or mortgage broker license required.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.010.md)
- [Alaska Stat. § 06.60.012 Mortgage loan originator license required.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.012.md)
- [Alaska Stat. § 06.60.013 Loan processors or underwriters.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.013.md)
- [Alaska Stat. § 06.60.014 Registered depository institutions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.014.md)
- [Alaska Stat. § 06.60.015 Exemptions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.015.md)
- [Alaska Stat. § 06.60.016 Registry.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.016.md)
- [Alaska Stat. § 06.60.020 Application for license.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.020.md)
- [Alaska Stat. § 06.60.026 Transfer of mortgage loan originator license.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.026.md)
- [Alaska Stat. § 06.60.027 Background checks.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.027.md)
- [Alaska Stat. § 06.60.030 Investigation.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.030.md)
- [Alaska Stat. § 06.60.035 Fees and expenses.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.035.md)
- [Alaska Stat. § 06.60.038 Prelicensing and relicensing education of mortgage loan originators.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.038.md)
- [Alaska Stat. § 06.60.040 Testing of mortgage loan originators.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.040.md)
- [Alaska Stat. § 06.60.045 Bonding.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.045.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T6_C06.60_S06.60.012. Check the current official text before relying on it. Not legal advice.