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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.

AI-generated summary · May 24, 2026. Verify with your compliance counsel before acting.

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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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