2.59.703    EXAMINATION OF ESCROW BUSINESS

(1) Examinations of escrow businesses may be conducted by the department of administration, division banking and financial institutions, when requested by the licensee or when, in the judgment of the director, they are necessary. Licensees shall be charged for examinations at a rate equal to the department's actual costs for examiner wages and travel expenses. Examination fees shall be paid to the state of Montana within 10 days of completion of the examination. Failure to pay the examination fee will result in an order from the director that licensee cease and desist from doing business as an escrow business until the examination fee is paid. If necessary, the director may apply to the district court of the first judicial district court of Lewis and Clark County to enforce compliance.

History: Sec. 32-7-108, MCA; IMP, Sec. 32-7-108, 32-7-122, MCA; NEW, 1990 MAR p. 929, Eff. 5/18/90; TRANS, from Commerce, 2001 MAR p. 1178.