1. (1) The word "alter" as used in 32-9-124(1)(l), MCA, means that loan documents may not be revised by:

   1. (a) using correction fluid, correction tape, or any other means of changing or covering over a date or signature not on the original;
   2. (b) inserting a signature or date not on the original; or
   3. (c) making any other change to a document.

2. (2) To correct an error in a loan document, the licensee shall either:

   1. (a) reprint the document, have it re-signed, and retain the original document noting in the file why the document was reprinted and re-signed; or
   2. (b) strike out the error, put the correct text beside it, and initial and date the change.

Authorizing statute(s): 32-9-130, MCA

Implementing statute(s): 32-9-124, MCA

History: NEW, 2017 MAR p. 1516, Eff. 9/9/17.