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Montana Division of Banking and Financial Institutions · MT

MAR Notice 2-59-571: Notice of Amendment: Annual Reporting for Consumer Loan Licensees, Escrow Business Reference Updates, Mortgage Definitions, Mortgage Renewal Fees, and Escrow Funds Held by Mortgage Companies

April 28, 2018

Summary

This amendment updates Montana's regulatory framework regarding annual reporting requirements for consumer loan licensees and clarifies definitions related to mortgage lending activities. It also formalizes new mortgage renewal fee structures and provides updated guidance on the handling of escrow funds held by mortgage companies.

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MAR Notice 2-59-571 — published 2018-04-28

Notice of Amendment: Annual Reporting for Consumer Loan Licensees, Escrow Business Reference Updates, Mortgage Definitions, Mortgage Renewal Fees, and Escrow Funds Held by Mortgage Companies

Source: http://www.mtrules.org/gateway/ShowNoticeFile.asp?TID=8460

Common questions

What does "MAR Notice 2-59-571: Notice of Amendment: Annual Reporting for Consumer Loan Licensees, Escrow Business Reference Updates, Mortgage Definitions, Mortgage Renewal Fees, and Escrow Funds Held by Mortgage Companies" cover?
This amendment updates Montana's regulatory framework regarding annual reporting requirements for consumer loan licensees and clarifies definitions…
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 28, 2018.

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