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| Rule: 2.59.1754 | Prev Up Next | |
| Rule Title: CLARIFICATION OF DEFINITION OF "REGULARLY ENGAGE" | ||
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| Department: | ADMINISTRATION | |
| Chapter: | BANKING AND FINANCIAL INSTITUTIONS | |
| Subchapter: | Mortgage Broker and Loan Originator Licensing | |
| Latest version of the adopted rule presented in Administrative Rules of Montana (ARM): | ||
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2.59.1754 CLARIFICATION OF DEFINITION OF "REGULARLY ENGAGE" (1) A person who advertises in any manner is holding themselves out to the public as being able to act as a mortgage loan originator, mortgage broker, mortgage lender, or mortgage servicer in Montana. By so doing, the person expects to engage in the business of a mortgage loan originator, mortgage broker, mortgage lender, or mortgage servicer in Montana within the meaning of 32-9-103(39), MCA. (2) If a person licensed through the NMLS as a mortgage loan originator, mortgage broker, mortgage lender, mortgage servicer, or similar person in another state acts as a mortgage loan originator, mortgage broker, mortgage lender, or mortgage servicer in Montana, they are regularly engaging in business in Montana within the meaning of 32-9-103(39), MCA.
History: 32-9-130, MCA; IMP, 32-9-103(39), MCA; NEW, 2016 MAR p. 1845, Eff. 10/15/16. |
| MAR Notices | Effective From | Effective To | History Notes |
|---|---|---|---|
| 2-59-546 | 10/15/2016 | Current | History: 32-9-130, MCA; IMP, 32-9-103(39), MCA; NEW, 2016 MAR p. 1845, Eff. 10/15/16. |
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