In addition to the terms defined in 30-14-1403 , MCA, the following terms shall, unless the context otherwise indicates, have the following meanings for the purposes of this subchapter:

1. (1) "Act" means the Montana Telemarketing Registration and Fraud Prevention Act as set forth in Title 30, chapter 14, part 14, MCA.
2. (2) "Applicant" means a nonexempt seller or telemarketer applying for registration or renewal with the department.
3. (3) "Financial responsibility" means surety bond, certificate of deposit, cash or a government bond in the amount of $50,000.
4. (4) "Manager" means a person who supervises the work of a telemarketer or seller.
5. (5) "Nonexempt seller or telemarketer" means a seller or telemarketer as defined in 30-14-1403 , MCA, who pursuant to 30-14-1405 , MCA, is not exempt from the registration and bonding requirement of 30-14-1404 , MCA.

6. (6) "Principal" means:

   1. (a) an owner;
   2. (b) an officer of a corporation or limited liability company;
   3. (c) a general partner of a partnership;
   4. (d) a sole proprietor of a sole proprietorship;
   5. (e) a partner of a limited liability partnership;
   6. (f) a trustee of a trust; or
   7. (g) any other individual who controls, manages or supervises a telephone sales or operation.
7. (7) "Registrant" means the nonexempt seller or telemarketer registered with the department to conduct telemarketing operations in Montana.

Authorizing statute(s): 30-14-1402, MCA

Implementing statute(s): 30-14-1402, 30-14-1403, MCA

History: NEW, 2000 MAR p. 1501, Eff. 6/16/00; TRANS, from Commerce, 2001 MAR p. 1176; TRANS, from Administration, 2006 MAR p. 322, Eff. 2/10/06.