The revocation, suspension, or surrender of a license does not impair or otherwise affect the rights or obligations of a preexisting lawful contract between the licensee and a borrower.
AS 06.60.895
Effect of revocation, suspension, or surrender of license
Known as the Alaska Secure and Fair Enforcement for Mortgage Licensing Act
The act spans §§ 6–6 (102 sections).
Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.