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Rule: 2.59.1514 Prev     Up     Next    
Rule Title: DEPARTMENT APPROVAL OF LOAN AGREEMENT FORM
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Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Deferred Deposit Lending
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.1514    DEPARTMENT APPROVAL OF LOAN AGREEMENT FORM

(1) For purposes of 31-1-721(2), MCA, department approval of a deferred deposit loan agreement form submitted for review by a licensee or license applicant means the department has verified that the form contains the provisions required under 31-1-721(2) and 31-1-715(5), MCA, and that it does not contain the provisions prohibited under 31-1-723(20), MCA. Department approval of a loan agreement form does not preclude the department from bringing an administrative action against a licensee for an alleged violation of 31-1-723(7), MCA, based in whole or in part on other terms of the loan agreement form. Department approval of a loan agreement form does not constitute a legal opinion concerning the enforceability of the loan agreement in any legal action between the parties to the agreement.

History: 31-1-702, MCA; IMP, 31-1-715, 31-1-721, 31-1-723, MCA; NEW, 2011 MAR p. 1365, Eff. 7/29/11.


 

 
MAR Notices Effective From Effective To History Notes
2-59-454 7/29/2011 Current History: 31-1-702, MCA; IMP, 31-1-715, 31-1-721, 31-1-723, MCA; NEW, 2011 MAR p. 1365, Eff. 7/29/11.
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