(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, the servicer may submit either the expanded mortgage call report (MCR) through the NMLS or the Quarterly Statement for Mortgage Servicing Activity dated December 23, 2011. Each servicer shall submit either an expanded MCR through the NMLS or the Quarterly Statement for Mortgage Servicing Activity dated December 23, 2011 for each and every quarter during which it held a license.

(3) The Quarterly Statement for Mortgage Servicing Activity dated December 23, 2011, which is adopted and incorporated by reference, is available on the department's web site at www.banking.mt.gov.