3 AAC 14.725 - Department action if licensee does not request a hearing

If a mortgage loan originator licensee named in a fund claim under AS 06.60.570-06.60.580 does not file a timely request for hearing after receiving written notice of the claim under 3 AAC 14.720, the department will review the materials submitted by the claimant and apply the standards in AS 06.60.680 to prepare a written determination as to whether to award the claimant reimbursement from the fund. The written determination is the final decision of the department, unless the claimant requests a hearing no later than 30 days after receipt of the written determination.


3 AAC 14.725
Eff. 7/1/2008, Register 186; am 12/4/2010, Register 196

Authority:AS 06.60.680

AS 06.60.910

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