Montana Division of Banking and Financial Institutions · MT
MAR Notice 2-59-541: Notice of Proposed Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender
April 23, 2016
Summary
The Montana Division of Banking and Financial Institutions has proposed an amendment to the surety bond requirements for new mortgage brokers and lenders. The regulation establishes a standardized methodology for calculating initial bond amounts to ensure adequate financial protection for consumers. This change applies to all new entities applying for licensure within the state.
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MAR Notice 2-59-541 — published 2016-04-23
Notice of Proposed Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender
Source: https://www.mtrules.org/gateway/ShowNoticeFile.asp?TID=7115
Common questions
- What does "MAR Notice 2-59-541: Notice of Proposed Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender" cover?
- The Montana Division of Banking and Financial Institutions has proposed an amendment to the surety bond requirements for new mortgage brokers and lenders.…
- 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 April 23, 2016.
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