State Licensing Requirements

Alaska

Electronic filings through NMLS may be delayed if all required items on the appropriate checklist below are not submitted to the regulator.

Check state agency website for further information: Alaska Department of Commerce, Community & Economic Development: Division of Banking & Securities

Common Requirements

The following requirements are handled through a common process for all jurisdictions:

Renewals - Annual license renewal for 2010

Financial Statements - Submitting financial statements through NMLS

Professional Requirements - Testing, education and background check requirements for individual Mortgage Loan Originators

Policy - Common policies, including the Policy Guidebook for Licensees

Company Licenses	Description	Requirements Checklist
Mortgage Broker / Lender License	This License is required of any mortgage broker, who is a company or sole proprietorship, who for compensation or gain, or in the expectation of compensation or gain, directly or indirectly arranges with a variety of lending sources to provide financing for mortgage loans or assists or offers to assist a borrower or potential borrower to obtain financing for mortgage loans on Alaska residential property. This License is required of any mortgage lender who is a company or sole proprietor, who consummates and funds a mortgage loan and who is named as the payee in the promissory note and as the beneficiary of the deed of trust on Alaska residential properties. (More Details)	New Application Amendment Surrender
Branch Licenses	Description	Requirements Checklist
Mortgage Broker / Lender Branch Registration	This registration is required for all offices, other than the main office identified on the Mortgage Broker / Lender License, whether located in Alaska or not, which conducts business with Alaska customers. (More Details)	New Application Amendment Surrender
Individual Licenses	Description	Requirements Checklist
Mortgage Loan Originator License	This License is required of any natural persons conducting residential mortgage origination activities in Alaska on behalf of a mortgage broker or mortgage lender from locations licensed to conduct activity in Alaska. (More Details)	New Application Amendment Surrender