Broker Requirements:

(1) Required to be licensed under the AMLRA (as of 3/1/09)

(2) Non-refundable application fee of $250 in partial payment of those investigation expenses incurred by the department

(3) Biennial license fee of $500 

(3) Criminal record background and fingerprint test of each owner/director

(4) Must provide, along with the application, a bond with one or more sureties in the amount of $25,000 under which the applicant is the obligor

(5) Must provide annual reports of all business operations of each location in the state, a civil penalty of $25 for each day's failure to report the file following the deadline of March 15

Loan Officer Requirements:

(1) 18 years of age

(2) Application fee of $75, non-refundable. Biennial registration fee every 2 (two) years of $75

(3) Criminal background and fingerprints check (currently taking 10 weeks to complete)

(4) Passing (75%) a pre-licensing test. The division will conduct examinations of licensed entities on a three-year cycle, or sooner if a complaint is made by a consumer.

(5) 24 hours of continuing education every biennial licensing period

(6) Pay a surety fund (used to compensate consumers for losses they may incur due to unethical or illegal behavior on the part of an originator. 

Contact Information:

Mr. Emil Notti,
Commissioner
P.O. Box 110800
Juneau, Alaska 99811-0800
907 465-2500

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Licensing Information 

Online Business Licensing 

[Map of Alaska State Banking Department:

No physical location available at this time.