Alaska § 06.60.800 - Authorization of program administration fee.
Full text of Alaska Alaska Statutes § 06.60.800 — Authorization of program administration fee., with citation guidance and answers to common questions.
§ 06.60.800. Authorization of program administration fee.
(a) The department may collect a program administration fee of $10 for each mortgage loan transaction to reimburse the state for the cost of administering this chapter.
(b) The program administration fee shall be paid by a borrower who is providing real property as security for the mortgage loan, except that, if the regulations of a federal or state loan program that insures the loan and that applies to the mortgage loan transaction prohibits the borrower from paying the program administration fee, another party to the mortgage loan transaction shall pay the program administration fee.
(c) If there are multiple mortgage loan instruments recorded for a single mortgage loan transaction, the department shall collect only one program administration fee.
(d) The program administration fees collected under this section shall be separately accounted for and may be appropriated by the legislature to the department for the operation of this chapter.
(e) In this section, “mortgage loan instrument” means a deed of trust, mortgage, or another loan instrument recorded to encumber residential real property in the state.
Frequently Asked Questions About Alaska § 06.60.800
What does Alaska Statutes § 06.60.800 cover?
Section 06.60.800 ("Authorization of program administration fee.") 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 § 06.60.800?
A common citation format is "Alaska Statutes § 06.60.800" (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 § 06.60.800 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.