Tag Archive: "Montana"
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Montana Adopts Rule Temporarily Reducing Licensing Renewal Fees
By Brian CastineEffective as of September 25, 2015 the Department of Administration of the State of Montana has enacted a rule that temporarily reduces licensing renewal fees for 2016. This rule expires on March 17 2016. The department has amended ARM 2.59.1738, as proposed on July 30, 2015. The licenses that are the subject of […]
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Montana Adopts Changes to Mortgage Licensing Laws
by Paul McSheffrey, J.D.With Senate Bill No. 98, the Montana legislature has recently adopted changes to its state mortgage licensing laws. The amendments include changes to definitions, licensing requirement clarifications, changes to experience requirements, and clarifications to control persons required to meet licensing requirements. Several definitions have been added or changed under 32-9-103. The definition […]
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Montana Amends Loan Originator Licensing Requirements and Clarifies Various State Regulations
by: Nicole LegereIntroduction The state of Montana’s Department of Administration (the Department) amended a number of requirements regarding the licensing of mortgage loan originators. These amendments are the result of the conforming of state licensing laws to those under the Nationwide Mortgage Licensing System (NMLS). In addition, the state also clarified important lending definitions, and […]
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Revisions to the Montana Mortgage Act
by: Nicole Legere, Esq.The state of Montana recently revised the Montana Mortgage Act to bring it into compliance with federal rules. These revisions include changes to mortgage broker/lender licensing requirements updates to licensing exceptions and educational requirements, as well as new additions to the reasons for license denial. These amendments shall be effective on October […]