2.59.1743    REPORTING FORMS FOR MORTGAGE SERVICERS

(1) A mortgage servicer licensee shall compile and submit a report to the department 45 days after the end of each quarter. The quarter end dates are March 31, June 30, September 30, and December 31.

(2) At the servicer's election, each servicer shall submit either the expanded mortgage call report through the NMLS or the Quarterly Statement for Mortgage Servicing Activity dated May 31, 2016, for every quarter during which it held a license.

(3) The Quarterly Statement for Mortgage Servicing Activity dated May 31, 2016, which is adopted and incorporated by reference, is available on the division's web site at https://banking.mt.gov/Home/Forms.

(4) The deadline for submitting the reports listed in (1) is extended by 30 days to allow reports to be submitted within a total of 75 days after the end of each quarter for the quarters ending June 30, 2020, September 30, 2020, December 31, 2020, and March 31, 2021. This section sunsets on June 1, 2021.

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History: 32-9-130, MCA; IMP, 32-9-170, MCA; NEW, 2012 MAR p. 1762, Eff. 9/7/12; AMD, 2013 MAR p. 2417, Eff. 12/27/13; AMD, 2015 MAR p. 2249, Eff. 12/25/15; AMD, 2017 MAR p. 1049, Eff. 7/8/17; AMD, 2020 MAR p. 1615, Eff. 8/29/20.