Division of Banking and Securities Patrice Walsh Division Director Program Overview The Division of Banking and Securities regulates state depository and non-depository financial institutions, administers and enforces Alaska’s financial services laws, and provides information to consumers, investors, entrepreneurs and the financial services industry. The division includes three sections that administer twelve statutory programs. In addition to licensing, examination and enforcement duties, division staff answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities. Disclaimer: This site is provided as a public service for general informational purposes only; it does not attempt to address specific business transactions or legal disputes. This service is not intended to be legal advice, and should not be construed as a replacement for competent legal counsel. NEW! Deferred Deposit Advance (Payday Lender) regulation changes effective December 21, 2019. Adopted regulation changes by the Department of Commerce, Community, and Economic Development pertaining to deferred deposit advance (payday lenders) under 3 AAC 11.010-.990. NEW! Mortgage Lending regulation changes effective February 6, 2020. Adopted regulation changes by the Department of Commerce, Community, and Economic Development pertaining to mortgage lending licenses and bona fide exempt organizations under 3 AAC 14.020-.990. Headlines Advisory to Raise Awareness of Affinity Fraud DASH for the STASH: Investor Education and Protection Program with a $500 prize AS 06.60.01 House Bill 104 amends the Alaska Secure and Fair Enforcement for Mortgage Licensing Act's seller financing exemption, effective January 1, 2020 States Appeal to Congress on Marijuana Banking Fix Online Filing for Investment Trusts Alaska Division of Banking and Securities Raises Awareness of Promissory Note Fraud Division encourages Alaskans to be on the lookout for elder financial exploitation Archived Headlines