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2018 Alaska Statutes
Title 6. Banks and Financial Institutions
Chapter 60. Mortgage Licensing
Article 7. Originator Surety Fund.
Sec. 06.60.740. Right to subrogation.
Universal Citation: AK Stat § 06.60.740 (2018)
When the department has paid to a claimant the sum awarded under AS 06.60.680 or 06.60.700 and any amount due under AS 06.60.720, the department shall be subrogated to all of the rights of the claimant to the amount paid, and the claimant shall assign all right, title, and interest in that portion of the claim to the department. Money collected by the department on the claim shall be deposited in the fund.
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