All individuals originating loans in Alaska will be required to be licensed by July 1, 2008.

Branch Licensing

There may be branch licensing requirements by July 1, 2008 also.

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Initial Disclosures

Coming Soon

Final Disclosures

Coming Soon

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Pre-Payment Penalties are not allowed in Alaska.

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Permitted Fees

Coming Soon

Prohibited Fees

Coming Soon

Late Charge Fees

5% of principal and interest after 15 days

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Funding Settlement

Wet State

Borrower Signing Requirements

Not a community property state, however, non-owner spouses are generally required to join in the security instrument, disclosures and right to cancel or expressly waive any homestead rights (on owner occupied properties) they may have. Signature of both spouses required on mortgage. A warranty deed is not acceptable because it does not waive the homestead rights of the spouse.

Closing Customs

Coming Soon

Real Estate Taxes

Taxes are due at various times.  Check with the title company.
Taxes are delinquent at various times.  Check with the title company.

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Advertising Record Retention

Coming Soon

Advertising Representation

Coming Soon

Telemarketing

Comings Soon

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Disclaimer:
This information is tailored for DirectLender. It is deemed reliable but not guaranteed. It is not intended as legal advice, and should not be relied upon as such. The laws, policies, and references cited change periodically.