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Rule Title: INCOME VERIFICATION
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Department: ADMINISTRATION, DEPARTMENT OF
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Deferred Deposit Lending
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.1513    INCOME VERIFICATION

(1) Licensees shall verify a borrower's income prior to issuing any deferred deposit loan.

(2) Verification of income shall be in a form of most recent pay stubs for employment, or other official documents for public assistance, child support, alimony, unemployment insurance, and workers' compensation.

History: 31-1-702, MCA; IMP, 31-1-723, MCA; NEW, 2006 MAR p. 1373, Eff. 6/2/06.


 

 
MAR Notices Effective From Effective To History Notes
6/2/2006 Current History: 31-1-702, MCA; IMP, 31-1-723, MCA; NEW, 2006 MAR p. 1373, Eff. 6/2/06.
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