Alaska Mortgage Broker Surety Bonds

Alaska is the only state that does not regulate mortgage brokers. Two bills were introduced in 2006 that would have put in place licensure requirements, but neither bill was able to make it through both the state house and senate. It is widely believed that the state will continue to push for regulation in the future.

Alaska Mortgage Bond Markets

There is not current market for these bonds as they are not required by the state.

Alaska Licensure Requirements*

Applicant Requirements:

• Age: No Requirement
• State Residency: No Requirement
• Experience: No Requirement
• Education: No Requirement
• Continuing Education: No Requirement
• Examination: No Requirement
• Fitness For Licensure: No Requirement
• Net Worth: No Requirement
• Surety Bond: No Requirement
• Background Check: No Requirement
• Managing Principal: No Requirement

  State Licensing Fees:

• Initial Application: No Fee
• Branch Application: No Fee
• Renewal Application: No Fee

  Employee Requirements:

• Age: No Requirement
• State Residency: No Requirement
• Experience: No Requirement
• Education: No Requirement
• Continuing Education: No Requirement
• Examination: No Requirement
• Fitness For Licensure: No Requirement
• Net Worth: No Requirement
• Surety Bond: No Requirement
• Background Check: No Requirement
• Managing Principal: No Requirement
• Exemptions: No Requirement
• Licensing Fee: No Requirement
• Renewal Fee: No Requirement

  Branch Offices

• In State Requirements: No Requirement
• Licensure Requirements: No Requirement
• Branch Manager: No Requirement

  Exemptions:

• Entities: Not Applicable
• Safe Harbor: Not Applicable

*Information for state licensing is provided as a guide, always verify with the state that the information is correct.

How to apply:

1.) Visit the commercial application page.

2.) Complete our online application.

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