HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 2.59.1735 Prev     Up     Next    
Rule Title: DETERMINING THE AMOUNT OF SURETY BOND FOR A NEW MORTGAGE BROKER OR MORTGAGE LENDER
Add to My Favorites
Add to Favorites
Department: ADMINISTRATION
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):

Printer Friendly Version

2.59.1735    DETERMINING THE AMOUNT OF SURETY BOND FOR A NEW MORTGAGE BROKER OR MORTGAGE LENDER

(1) An entity applying for a license as a mortgage broker or mortgage lender for the first time in Montana shall submit with its application the total combined annual loan production volume for the year preceding the year of application as required by 32-9-123(2)(b), MCA.

(2) An entity having no prior business history, or a business history of less than one year at the time of application, shall purchase a surety bond in the amount of $25,000.

History: 32-9-130, MCA; IMP, 32-9-123, MCA; NEW, 2010 MAR p. 2956, Eff. 12/24/10; AMD, 2016 MAR p. 1052, Eff. 6/18/16.


 

 
MAR Notices Effective From Effective To History Notes
2-59-541 6/18/2016 Current History: 32-9-130, MCA; IMP, 32-9-123, MCA; NEW, 2010 MAR p. 2956, Eff. 12/24/10; AMD, 2016 MAR p. 1052, Eff. 6/18/16.
2-59-443 12/24/2010 6/18/2016 History: 32-9-130, MCA; IMP, 32-9-123, MCA; NEW, 2010 MAR p. 2956, Eff. 12/24/10.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security