HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
This is an obsolete version of the rule. Please click on the rule number to view the current version.

2.59.1739    APPLICATION OF FINANCIAL STANDARDS

(1) Section 32-9-120(1)(c) and 32-9-113, MCA, require mortgage loan originators, as well as ultimate equity owners and control persons of entities, to meet financial responsibility standards. These persons are referenced in ARM 2.59.1739 through 2.59.1742 as "individuals."

(2) Financial responsibility, character, and general fitness are continuing requirements for individuals and must be met at all times including upon initial licensure and renewal.

History: 32-9-130, MCA; IMP, 32-9-113, 32-9-117, 32-9-120, 32-9-166, MCA; NEW, 2012 MAR p. 183, Eff. 1/27/12.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security
For questions regarding the content, interpretation, or application of a specific rule, please contact the agency that issued the rule.
A directory of state agencies is available online at http://www.mt.gov/govt/agencylisting.asp.

For questions about the organization of the ARM or this web site, contact sosarm@mt.gov.