3 AAC 14.220 - Continuing education requirement for mortgage loan originator licensee
(a) A
mortgage loan originator licensee shall complete the continuing education
required under
AS
06.60.160 during the annual license period
before license renewal or reactivation. Continuing education obtained in excess
of the annual requirement under
AS
06.60.160 may not be carried over to meet the
continuing education requirement for the following year.
(b) The department may suspend or terminate
the license, and will deny renewal or reactivation of the license, of a
mortgage loan originator licensee who fails to complete the continuing
education required under
AS
06.60.160 or whose certification or other
documentation of continuing education is not timely submitted to the department
through the registry. If the department denies renewal of, suspends, or
terminates a mortgage loan originator license for failure to complete or report
continuing education, a person may not obtain a new or reinstated mortgage loan
originator license without first satisfying the applicable continuing education
requirement.
Notes
Authority:AS 06.60.160
AS 06.60.910
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