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Alaska State Licensing Requirements

Regulators

State of Alaska
DOBS
550 West 7th Avenue,
Suite 1940
Anchorage, AK 99501 
Phone: (907) 269-8140
Fax: (907) 269-8146
Visit their website

Education Requirements

High School Diploma or GED

20 Hours Pre-licensing Education

8 Hours Continuing Education

Highlights

Brick and Mortar State: No

Expiration: Dec. 31 annually

Surety Fund Payment: $150

Broker net worth: $25,000

Who is required to be licensed

Any individual who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application, or offers or negotiates terms of a residential mortgage loan. This will include any independent contract loan processors or underwriters.

Pre-requisites for license applications

  • Must be covered by a surety bond in favor of the State of Alaska through the company or individually obtain a surety bond
  • Cannot have been convicted of any felony in the last 7 years
  • Can never have been convicted of a felony involving an act of fraud, dishonesty, breach of trust or money laundering
  • Credit checks reviewed by the department
  • 20 hours of pre-licensing education
  • 8 hours of continuing education prior to renewal
  • Must pass a test with a grade of 75% or higher administered by the NMLS

Need to purchase Pre-licensing or Continuing Education Courses?

Use the links below for course schedules and information about NMLS Approved Pre-licensing Education (PE) or Continuing Education (CE).

Alaska NMLS Approved Pre-licensing Education Courses

Alaska NMLS Approved Continuing Education Courses

NMLS Requirements and Fees


Processing Fees for State Licensure

Entity Initial Fee Annual Fee
Company $100 $100
Branch $20 $20
Individual $30 $30

Processing Fees for Federal Registration

Entity Initial Fee Annual Fee
Company $100 $100
Branch $60 $0
Individual $30 Jan-June
$60 July-Dec
$30 ($0 if initial registration July-Dec of same year)

Professional Standards Fees

Item Fee
Criminal Background Check Livescan $39
or
Print Card Capture $39, plus $10 Card Packet Fee

This fee is charged at each new application for licensing, or new registration request. Single charge regardless of how many licenses are applied for in a single filing.

Click here for more information about the Criminal Background Check process.
Testing $92 National Component
$69 State Component (per state)

Beginning April 1, 2013 the Uniform State Test will be included in the National Component which replaces several individual state components.

Click here for more information about the NMLS Testing process
Credit Report $15

This fee will be charged at each new application for licensing if it does not contain a credit report that is less than 30 days old. Single charge regardless of how many licenses are applied for in a single filing.

Click here for more information about the NMLS Credit Check process

Notice: The information provided on this page is not legal advice and is shared for educational purposes only. The information provided is not a complete statement of all licensing requirements, additional licensing requirements may be required by state and/or other agencies.

Other's who searched for this page also found these pages useful:

My Mortgage Trainer Home Page
My Mortgage Trainers Course Catalog
SAFE 20 Hour Pre-licensing Courses and Study Material
SAFE 7 & 8 Hour Continuing Education Courses
My Mortgage Trainer Current Webinar Schedule

My Mortgage Trainer is approved by the NMLS to deliver National Pre-licensing and Continuing Education in all 50 states. NMLS Approved Course Provider #1400080.

Last Updated ( Monday, 24 February 2014 )
 
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