Montana Division of Banking and Financial Institutions · MT
MAR Notice 2-59-500: Notice of Public Hearing on Proposed Adoption, Amendment, and Repeal: Definition of origination of a mortgage loan, certificate of bona fide not-for-profit entity, state-specific prelicensing education, and when an appl
November 1, 2013
Summary
The Montana Division of Banking and Financial Institutions has proposed comprehensive amendments to mortgage licensing and operational rules. The proposal clarifies the definitions of loan origination and bona fide not-for-profit entities, establishes criteria for abandoned applications, and updates state-specific prelicensing education and reporting requirements for mortgage servicers.
AI-generated summary · May 24, 2026. Verify with your compliance counsel before acting.
How this was generated
We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.
MAR Notice 2-59-500 — published 2013-11-01
Notice of Public Hearing on Proposed Adoption, Amendment, and Repeal: Definition of origination of a mortgage loan, certificate of bona fide not-for-profit entity, state-specific prelicensing education, and when an application is deemed abandoned, the amendment of ARM 2.59.1701, 2.59.1702, 2.59.1728, 2.59.1731, and 2.59.1743 pertaining to definitions, proof of experience, standardized forms, reinstatement of licenses, and reporting forms for mortgage servicers, and the repeal of ARM 2.59.1725, 2.59.1727, and 2.59.1749 pertaining to licensing exemptions, mortgage loan originator testing, and written exemption form
Source: https://www.mtrules.org/gateway/ShowNoticeFile.asp?TID=5147
Common questions
- What does "MAR Notice 2-59-500: Notice of Public Hearing on Proposed Adoption, Amendment, and Repeal: Definition of origination of a mortgage loan, certificate of bona fide not-for-profit entity, state-specific prelicensing education, and when an appl" cover?
- The Montana Division of Banking and Financial Institutions has proposed comprehensive amendments to mortgage licensing and operational rules. The proposal…
- Which agency issued this update?
- This update was issued by Montana Division of Banking and Financial Institutions.
- When was it published?
- It was published on November 1, 2013.
Related updates
- Consent Order Sigue Corporation
- ACI Payments, Inc. Settlement Agreement and Consent Order issued by the Division of Banking
- AMENDED Amerbank LLC/Dolare LLC
- Sigue Corporation Settlement Agreement and Consent Order issued by the Division of Banking
- Interim Regulatory Guidance: Virtual Currency and the Colorado Money Transmission Modernization Act
- Consent Order Block Inc.