Sec. 06.60.085. Renewal of license.
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Sec. 06.60.085. Renewal of license.
(a)If a licensee intends to renew a license, the licensee shall submit to the department
(1)a renewal application at a time and in the form and manner established by the department and the registry;
(2)the annual license fee;
(3)if the renewal is for a mortgage license,
(A)a report, as required by regulation, identifying any changes in the information provided to the department; and
(B)current information indicating that the mortgage licensee continues to meet the minimum standards for license issuance;
(4)if the renewal is for a mortgage loan originator license,
(A)a report, as required by regulation, identifying any changes in the information provided to the department;
(B)current information indicating that the mortgage loan originator continues to meet the minimum standards for license issuance;
(C)certificates or other documents showing the mortgage loan originator has satisfied the annual continuing education requirements of AS 06.60.160 ; and
(D)the fund fee required by AS 06.60.550 ; and
(5)payment of any other required fees for renewal of the license.
(b)The department may adopt by regulation procedures and deadlines regarding the filing of an application for renewal of a license and the assessment of a penalty or other consequence for late filing, consistent with the requirements of the registry.
(c)The department shall approve or deny the application for renewal of a license not later than 60 days after the renewal application is filed.