Alaska Statutes.
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Lending Regulation Act
Section 159. Mortgage Licensee Employment of, Contract with, and Liability for Originator. [Effective July 1, 2008]..
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AS 06.60.159. Mortgage Licensee Employment of, Contract with, and Liability for Originator. [Effective July 1, 2008]..

(a) A mortgage licensee may not employ or enter into a contract with a person who acts as an originator for the mortgage licensee unless the person has an originator license.

(b) A mortgage licensee is liable for the conduct of a person acting as an originator if the mortgage licensee knows or should have known that the person's conduct violates this chapter and the person is employed by or is under contract with the mortgage licensee to act as an originator.

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