Montana Division of Banking and Financial Institutions · MT
MAR Notice 2-59-541: Notice of Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender
June 18, 2016
Summary
This amendment modifies the calculation methodology for surety bond requirements specifically for newly licensed mortgage brokers and lenders in Montana. It establishes a tiered approach based on anticipated loan origination volume to ensure appropriate financial protection for consumers during the initial licensure phase.
MAR Notice 2-59-541 — published 2016-06-18
Notice of Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender
Source: https://www.mtrules.org/gateway/ShowNoticeFile.asp?TID=7243
Common questions
- What does "MAR Notice 2-59-541: Notice of Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender" cover?
- This amendment modifies the calculation methodology for surety bond requirements specifically for newly licensed mortgage brokers and lenders in Montana.…
- 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 June 18, 2016.
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