Montana Mortgage Act | Midpage

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Montana Code Annotated

Part 1

Montana Mortgage Act

32-9-101Short title and purpose 32-9-102License requirement -- registration 32-9-103Definitions 32-9-104Exemptions -- proof of exemption 32-9-105Nationwide mortgage licensing system for mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators 32-9-106Simultaneous licensure 32-9-107Prelicensing education requirements for mortgage loan originators 32-9-108Repealed 32-9-109Experience requirements 32-9-110Examination requirements for mortgage loan originators 32-9-111Repealed 32-9-112Application for mortgage broker, mortgage lender, mortgage servicer, and mortgage loan originator license -- renewals 32-9-113Control persons -- application for license -- renewal 32-9-114Repealed 32-9-115Repealed 32-9-116Employment of mortgage loan originator 32-9-117Fees -- disposition of fees -- rulemaking 32-9-118Continuing education requirements for mortgage loan originators 32-9-119Repealed 32-9-120Denial of mortgage broker, mortgage lender, mortgage servicer, or mortgage loan originator license application or license renewal 32-9-121Records maintenance 32-9-122Designated manager and branch office license requirements 32-9-123Surety bond requirement -- notice of legal action 32-9-124Prohibitions -- required disclosure 32-9-125Repealed 32-9-126Revocation, suspension, conditioning, and reinstatement of licenses 32-9-127Repealed 32-9-128Registration and registered agent of foreign entities -- service of process -- venue 32-9-129Loan processors and underwriters 32-9-130Department authority -- rulemaking 32-9-131Repealed 32-9-132Injunctions -- receivers 32-9-133Penalties -- restitution 32-9-134License renewal -- rulemaking 32-9-135Independent contractor entity -- responsible individual -- loan processor or underwriter 32-9-136reserved 32-9-141Investigations by department -- subpoenas -- oaths -- examination of witnesses and evidence 32-9-142Cease and desist orders 32-9-143reserved 32-9-145Escrow fund 32-9-146reserved 32-9-148Disclosure of mortgage costs by mortgage lender 32-9-149Use of name -- advertising 32-9-150Unique identifier for mortgage brokers, mortgage lenders, mortgage servicers, mortgage loan originators, and registered mortgage loan originators 32-9-151Mortgage call reports 32-9-152Electronic record as original document 32-9-153reserved 32-9-155Nationwide mortgage licensing system information challenge process 32-9-156reserved 32-9-160Confidentiality 32-9-161reserved 32-9-165Types of licenses 32-9-166Reports 32-9-167Change of control 32-9-168Mortgage lender prohibitions 32-9-169Mortgage servicer prohibitions 32-9-170Mortgage servicer duties 32-9-171Repealed 32-9-172Mortgage lender net worth requirement 32-9-173Requirements for remote work