Sec. 06.60.010. - License required.
(a) Except as provided under AS 06.60.015 , a person, including a person doing business from outside this state, may not operate as a mortgage lender or mortgage broker in this state unless the person is licensed under this chapter.
(b) Except as provided by AS 06.60.017 , a person may not operate as an originator in this state unless the person is a natural person who is
(1) licensed as an originator under this chapter; and
(2) works under exclusive contract for, or as an employee of, a mortgage licensee.
(c) A mortgage license may cover more than one location of a mortgage licensee.
(d) A person who operates as both a mortgage lender and a mortgage broker is only required to obtain one mortgage license.