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Montana Administrative Register Notice 2-2-370 No. 3   02/08/2007    
    Page No.: 184 -- 185
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BEFORE THE DEPARTMENT OF ADMINISTRATION

OF THE STATE OF MONTANA

 

In the matter of the amendment of ARM 2.59.1501 pertaining to definitions and ARM 2.59.1502 pertaining to application procedure required to engage in deposit lending, and the adoption of NEW RULE I pertaining to reports, NEW RULE II pertaining to schedule of charges, NEW RULE III pertaining to employees' character and fitness, NEW RULE IV pertaining to electronic deductions, and NEW RULE V pertaining to income verification
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CORRECTED NOTICE OF AMENDMENT

 

TO: All Concerned Persons

 

1. On February 23, 2006, the Division of Banking and Financial Institutions published MAR Notice No. 2-2-369 regarding a public hearing on the proposed amendment and adoption of the above-stated rules at page 375 of the 2006 Montana Administrative Register, issue number 4. On March 9, 2006, the division published MAR Notice No. 2-2-370 at page 614 of the 2006 Montana Administrative Register, issue number 5, to amend the reasonable necessity statement. On June 1, 2006, the division published the notice of amendment and adoption at page 1373 of the 2006 Montana Administrative Register, issue number 11.

 

The corrected notice of amendment is to resolve an oversight in amendment of ARM 2.59.1501 and 2.59.1502. The division made two clerical errors in MAR Notice No. 2-2-369, which was published on February 23, 2006. These errors pertained to the failure to underline new material contained within the Notice of Proposed Amendment. In particular, 31-1-705 and 31-1-722, MCA, were not underlined as implemented by ARM 2.59.1501 and 31-1-722, MCA, was not underlined as implemented by ARM 2.59.1502. The rules, as amended in corrected form, read as follows, deleted matter interlined, new matter underlined:

 

2.59.1501 DEFINITIONS (1) through (5) remain as amended.

 

AUTH: 31-1-702, MCA

IMP: 31-1-702, 31-1-705, 31-1-711, 31-1-713, 31-1-722, MCA

 

2.59.1502 APPLICATION PROCEDURE REQUIRED TO ENGAGE IN DEPOSIT LENDING (1) through (5) remain as amended.

 

AUTH: 31-1-702, MCA

IMP: 31-1-702, 31-1-705, 31-1-722, MCA

 

2. The replacement pages for this corrected notice were submitted to the Secretary of State on December 28, 2006.

 

 

By: /s/ Janet R. Kelly                                        By: /s/ Dal Smilie

Janet R. Kelly, Director                                    Dal Smilie, Rule Reviewer

Department of Administration                         Department of Administration

 

Certified to the Secretary of State January 29, 2007.

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