Montana Division of Banking and Financial Institutions · MT
MAR Notice 2-59-612: Notice of Amendment and Repeal pertaining to:
February 11, 2022
Summary
The Montana Division of Banking and Financial Institutions amended regulations to standardize NMLS-based application, amendment, and surrender procedures for consumer lenders and mortgage licensees. It clarifies definitions for mortgage licensees and formalizes licensure requirements regarding table funding activities.
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MAR Notice 2-59-612 — published 2022-02-11
Notice of Amendment and Repeal pertaining to:
- standardized forms and procedures of the NMLS for consumer loan licenses, escrow business licenses, sales finance company licenses, and deferred deposit lender licenses;
- consumer loan license surrender;
- definitions for mortgage licensees;
- revocation, suspension, or surrender of mortgage licenses;
- initial applications through NMLS for consumer loan licenses, escrow business licenses, sales finance company licenses, and deferred deposit lender licenses;
- consumer loan license amendments and fees;
- escrow business license amendments, surrender, and fees
- sales finance company license amendments, surrender, and fees
- deferred deposit lender license amendments, surrender, and fees; and
- table funding requiring licensure for mortgage licensees.
Source: https://rules.mt.gov/gateway/ShowNoticeFile.asp?TID=10861
Common questions
- What does "MAR Notice 2-59-612: Notice of Amendment and Repeal pertaining to:" cover?
- The Montana Division of Banking and Financial Institutions amended regulations to standardize NMLS-based application, amendment, and surrender procedures…
- 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 February 11, 2022.
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