Alaska § 06.60.038 - Prelicensing and relicensing education of mortgage loan originators.
Full text of Alaska Alaska Statutes § 06.60.038 — Prelicensing and relicensing education of mortgage loan originators., with citation guidance and answers to common questions.
§ 06.60.038. Prelicensing and relicensing education of mortgage loan originators.
(a) Before being licensed as a mortgage loan originator, an individual shall complete at least 20 hours of education approved under (b) of this section. At a minimum, the education must include (1) three hours of instruction in federal statutes and regulations relating to mortgage origination, fraud prevention, consumer protection, the nontraditional mortgage marketplace, and fair lending;
(2) three hours of instruction in ethics, including instruction on issues related to fraud prevention, consumer protection, and fair lending; and
(3) two hours of training related to lending standards for the nontraditional mortgage product marketplace.
(b) For the purposes of (a) of this section, a prelicensing education course must be approved under 12 U.S.C. 5104(c)(2) (Secure and Fair Enforcement for Mortgage Licensing Act of 2008). Review and approval of a prelicensing education course includes review and approval of the course provider.
(c) Nothing in this section precludes a prelicensing education course that is approved under (b) of this section and that is provided by the employer of the applicant, an entity affiliated with the applicant, or a subsidiary or affiliate of an employer or entity affiliated with the applicant.
(d) Prelicensing education may be offered in a classroom, on-line, or by other means approved under 12 U.S.C. 5104(c)(2) (Secure and Fair Enforcement for Mortgage Licensing Act of 2008).
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.60.038
What does Alaska Statutes § 06.60.038 cover?
Section 06.60.038 ("Prelicensing and relicensing education of mortgage loan originators.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 06.60.038?
A common citation format is "Alaska Statutes § 06.60.038" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 06.60.038 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.