Montana Division of Banking and Financial Institutions · MT
MAR Notice 2-59-630: Notice of Proposed Adoption pertaining to activities requiring a license.
August 5, 2022
Summary
The Montana Division of Banking and Financial Institutions is proposing to adopt 12 CFR 1008 appendices to clarify which activities require a mortgage loan originator license. This proposal establishes specific standards for determining when processors, underwriters, and attorneys must be licensed based on their specific job functions.
MAR Notice 2-59-630 — published 2022-08-05
Notice of Proposed Adoption pertaining to activities requiring a license.
12 CFR 1008 appendices
- Appendix A - Examples of Mortgage Loan Originator Activities
- Appendix B - Engaging in the Business of a Loan Originator: Commercial Context and Habitualness
- Appendix C - Independent Contractors and Loan Processor and Underwriter Activities That Require a State Mortgage Loan Originator License
- Appendix D - Attorneys: Circumstances That Require a State Mortgage Loan Originator License
Source: https://rules.mt.gov/gateway/ShowNoticeFile.asp?TID=11207
Common questions
- What does "MAR Notice 2-59-630: Notice of Proposed Adoption pertaining to activities requiring a license." cover?
- The Montana Division of Banking and Financial Institutions is proposing to adopt 12 CFR 1008 appendices to clarify which activities require a mortgage…
- 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 August 5, 2022.
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