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The Mortgage Licensing is Here!!

All originators (except those that are exempt) are now required to be licensed with the state of Alaska, per their statutes.

In addition, the state of Alaska must now comply with the SAFE act that went into effect on August 1st. of this year.

The state has emergency regulations out for comment by August 28th. so they can conform with the NMLS. Those comments are due by August 28th.

Your legisllative team will be working with the Division of Banking and Securities to finalize state statute to conform with the SAFE Act.

There are a host of federal bills in the Senate and House that we are watching that can affect mortgage lending. Our Committee is in touch with our Congressional Delegation, and NAMB to effect positive change for our members.

From time to time we may call upon you for comments or to contact legislators on a particular bill. We appreciate your assistance.

Any questions or comments may be directed to:

Joe Brammer
Legislative Committee Chair
Alaska Association of Mortgage Brokers
joe@akamb.org

• Benefits of Membership

• Upcoming and Past Events

• NAMB and AKAMB Logo Policy

Predatory Lending Task Force

HONESTY & INTEGRITY
AK AMB members shall conduct business in a manner reflecting honesty, honor, and integrity.

PROFESSIONAL CONDUCT
AK AMB members shall conduct their business activities in a professional manner.

HONESTY IN ADVERTISING
AK AMB members shall endeavor to be accurate in all advertisements and solicitations.

CONFIDENTIALITY
AK AMB members shall avoid unauthorized disclosure of confidential information.

COMPLIANCE WITH LAW
AK AMB members shall conduct their business in compliance with all applicable laws and regulations.

DISCLOSURE OF FINANCIAL INTERESTS
AK AMB members shall disclose any equity or financial interest they may have in the collateral being offered to secure a loan.

SERVICES
Members shall not pressure any provider of services, goods, or facilities to circumvent industry professional standards. Equally, members shall not respond to any pressure placed upon the.