3 AAC 14.432 - Surrender of branch office registration
A mortgage licensee who or a registered depository institution that seeks to surrender a branch office registration shall submit an application for surrender of the branch office registration to the department through the registry. No later than seven days after submitting the application for surrender, the mortgage licensee or the registered depository institution shall submit directly to the department the post-surrender location of books and records for the branch whose registration is surrendered. The department will not approve the surrender of the branch office registration until the mortgage license or the registered depository institution has submitted written verification that the books and records of the branch office have been transferred to the approved post-closure location.
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