Montana Mortgage Act

  1. Law
  2. Montana Code Annotated
  3. Financial Institutions
  4. Residential Mortgage Brokers, Lenders, Servicers, and Loan Originators
  5. Montana Mortgage Act

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Section
32-9-101

Short title and purpose

Section
32-9-102

License requirement -- registration

Section
32-9-103

Definitions

Section
32-9-104

Exemptions -- proof of exemption

Section
32-9-105

Nationwide mortgage licensing system for mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators

Section
32-9-106

Simultaneous licensure

Section
32-9-107

Prelicensing education requirements for mortgage loan originators

Section
32-9-108

Repealed

Section
32-9-109

Experience requirements

Section
32-9-110

Examination requirements for mortgage loan originators

Section
32-9-111

Repealed

Section
32-9-112

Application for mortgage broker, mortgage lender, mortgage servicer, and mortgage loan originator license -- renewals

Section
32-9-113

Control persons -- application for license -- renewal

Section
32-9-114

Repealed

Section
32-9-115

Repealed

Section
32-9-116

Employment of mortgage loan originator

Section
32-9-117

Fees -- disposition of fees -- rulemaking

Section
32-9-118

Continuing education requirements for mortgage loan originators

Section
32-9-119

Repealed

Section
32-9-120

Denial of mortgage broker, mortgage lender, mortgage servicer, or mortgage loan originator license application or license renewal

Section
32-9-121

Records maintenance

Section
32-9-122

Designated manager and branch office license requirements

Section
32-9-123

Surety bond requirement -- notice of legal action

Section
32-9-124

Prohibitions -- required disclosure

Section
32-9-125

Repealed

Section
32-9-126

Revocation, suspension, conditioning, and reinstatement of licenses

Section
32-9-127

Repealed

Section
32-9-128

Registration and registered agent of foreign entities -- service of process -- venue

Section
32-9-129

Loan processors and underwriters

Section
32-9-130

Department authority -- rulemaking

Section
32-9-131

Repealed

Section
32-9-132

Injunctions -- receivers

Section
32-9-133

Penalties -- restitution

Section
32-9-134

License renewal -- rulemaking

Section
32-9-135

Independent contractor entity -- responsible individual -- loan processor or underwriter

Section
32-9-136. through 32-9-140

reserved

Section
32-9-141

Investigations by department -- subpoenas -- oaths -- examination of witnesses and evidence

Section
32-9-142

Cease and desist orders

Sections
32-9-143. and 32-9-144

reserved

Section
32-9-145

Escrow fund

Sections
32-9-146. and 32-9-147

reserved

Section
32-9-148

Disclosure of mortgage costs by mortgage lender

Section
32-9-149

Use of name -- advertising

Section
32-9-150

Unique identifier for mortgage brokers, mortgage lenders, mortgage servicers, mortgage loan originators, and registered mortgage loan originators

Section
32-9-151

Mortgage call reports

Section
32-9-152

Electronic record as original document

Sections
32-9-153. and 32-9-154

reserved

Section
32-9-155

Nationwide mortgage licensing system information challenge process

Section
32-9-156. through 32-9-159

reserved

Section
32-9-160

Confidentiality

Section
32-9-161. through 32-9-164

reserved

Section
32-9-165

Types of licenses

Section
32-9-166

Reports

Section
32-9-167

Change of control

Section
32-9-168

Mortgage lender prohibitions

Section
32-9-169

Mortgage servicer prohibitions

Section
32-9-170

Mortgage servicer duties

Section
32-9-171

Mortgage servicer capital requirements

Section
32-9-172

Mortgage lender net worth requirement