(1) In the event a mortgage lender desires to operate a branch office as defined in 32-10-103, MCA, the applicant or licensee must submit an application as required by 32-10-203, MCA, and the licensing fee specified in 32-10-202, MCA, and provide the following information on the original license application form, or upon an amendment to the original application, at least 30 days before the branch commences operation:

(a) the physical address of each branch office, the mailing address if different, and the telephone number, e-mail address, and facsimile number;

(b) the information required pursuant to ARM 2.59.1803 regarding the branch supervisor who will supervise the activities of loan officers employed by the branch to ensure compliance with all applicable rules and regulations; and

(c) upon satisfaction of the requirements listed in (1)(a) and (b), a separate branch office license will be issued by the commissioner for posting in the branch office location as allowed by 32-10-203, MCA.