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Rule Title: APPLICATION OF FINANCIAL STANDARDS
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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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2.59.1739    APPLICATION OF FINANCIAL STANDARDS

(1) Section 32-9-120(1)(c) and 32-9-113, MCA, require mortgage loan originators, as well as ultimate equity owners and control persons of entities, to meet financial responsibility standards. These persons are referenced in ARM 2.59.1739 through 2.59.1742 as "individuals."

(2) Financial responsibility, character, and general fitness are continuing requirements for individuals and must be met at all times including upon initial licensure and renewal.

 

History: 32-9-130, MCA; IMP, 32-9-113, 32-9-117, 32-9-120, MCA; NEW, 2012 MAR p. 183, Eff. 1/27/12; AMD, 2017 MAR p. 1049, Eff. 7/8/17.


 

 
MAR Notices Effective From Effective To History Notes
2-59-554 7/8/2017 Current History: 32-9-130, MCA; IMP, 32-9-113, 32-9-117, 32-9-120, MCA; NEW, 2012 MAR p. 183, Eff. 1/27/12; AMD, 2017 MAR p. 1049, Eff. 7/8/17.
2-59-458 1/27/2012 7/8/2017 History: 32-9-130, MCA; IMP, 32-9-113, 32-9-117, 32-9-120, 32-9-166, MCA; NEW, 2012 MAR p. 183, Eff. 1/27/12.
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