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§ 06-60-650 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 6 - Banks and Financial Institutions/
  5. Chapter 60 - Mortgage Licensing/
  6. Article 7 - Originator Surety Fund.sec. 06.60.500. Mortgage Loan Originator Surety Fund/
  7. § 06-60-650
Alaska Legal Code

§ 06-60-650

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A person who submits a fund claim under AS 06.60.570 bears the burden of establishing by a preponderance of the evidence that the person suffered a loss in a mortgage loan transaction as a result of fraud, misrepresentation, deceit, or the conversion of trust funds by a mortgage loan originator licensee and the extent of those losses.