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Before granting an originator license to a person, the department shall determine that the applicant has
(1) complied with the requirements of this chapter and paid all fees for obtaining the originator license;
(2) not been enjoined by a court of competent jurisdiction from engaging in an aspect of the business of providing financial services to the public; and
(3) not, within the previous seven years,
(A) been prohibited by a federal or state regulatory agency from engaging in, participating in, or controlling a finance-related activity that involves providing financial services to the public;
(B) been convicted, including a conviction based on a plea of guilty, no contest, or nolo contendere, of a felony or a misdemeanor involving fraud, misrepresentation, or dishonesty;
(C) committed an act, made an omission, or engaged in a practice that constitutes a breach of a fiduciary duty;
(D) made a material false statement in an application submitted under this chapter; or
(E) violated a provision of this chapter, a regulation adopted under this chapter, or an order of the department under this chapter.
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Note to HTML Version:
This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.