The Alaska SAFE Act of 2010 and the regulations are posted above under "Reference Information". It is the responsibility of each licensee to be familiar with the statute and regulations governing mortgage activities both federally and for the State of Alaska.
An Alaska business license must be obtained prior to licensure as a Mortgage Broker/Lender. Business licensing information can be found on the Division of Corporations, Business and Professional Licensing website located at https://www.commerce.alaska.gov/web/cbpl/.
All licensing activity is done through the NMLS system. Click on the NMLS box to the right for detailed information.
All fees are non-refundable
Licensees who fail to request renewal during the annual renewal period will change status to Terminated-Failed to Renew on January 1 each year. While in this status a licensee will not be able to conduct mortgage business in Alaska.
Licensees may request reinstatement of a license through the last day of February each year. An additional fee will apply and the department must approve the renewal before the license is effective.
Licensees who do not apply before the close of the reinstatement period will change status to Terminated-Expired on March 1 each year.
In order to provide homebuyers and the general public with greater information concerning the companies and professionals in the mortgage industry the NMLS has launched a website called NMLS Consumer Access. NMLS Consumer Access is a fully searchable website that allows the public to view information concerning state-licensed companies, branches, and individuals licensed and registered through NMLS.
Any questions relating to the NMLS should be directed to the NMLS Call Center at: (855) 665-7123.