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| Rule: 2.59.1708 | Prev Up Next | |
| Rule Title: TABLE FUNDING REQUIRES LICENSURE | ||
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| Department: | ADMINISTRATION, DEPARTMENT OF | |
| Chapter: | BANKING AND FINANCIAL INSTITUTIONS | |
| Subchapter: | Mortgage Broker and Loan Originator Licensing | |
| Latest version of the adopted rule presented in Administrative Rules of Montana (ARM): | ||
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2.59.1708 TABLE FUNDING REQUIRES LICENSURE (1) Any person not exempted from the Montana Mortgage Broker and Loan Originator Licensing Act under 32-9-104 , MCA, who closes a mortgage loan naming themselves as the lender and who, within three days of closing, consummates sale of the mortgage loan note to another party, commonly known as "table funding" as defined in ARM 2.59.1701, must be licensed as a mortgage broker or loan originator. History: 32-9-130, MCA; IMP, 32-9-103, 32-9-108, MCA; NEW, 2004 MAR p. 1133, Eff. 5/7/04. |
| Effective rule versions existed in ARM on or after March 31, 2007 |
| MAR Notices | Effective From | Effective To | History Notes |
|---|---|---|---|
| 5/7/2004 | Current | History: 32-9-130, MCA; IMP, 32-9-103, 32-9-108, MCA; NEW, 2004 MAR p. 1133, Eff. 5/7/04. |
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