(1) Each mortgage broker entity, mortgage broker branch, mortgage lender entity, mortgage lender branch, and mortgage loan originator holding a temporary Montana license that expires on April 1, 2010, shall properly complete and submit a license application through NMLS by March 1, 2010. A license issued under this rule is valid for the period April 1, 2010, through December 31, 2010. The department's prorated fees for the license period April 1, 2010, through December 31, 2010, are:
 

Mortgage Broker Entity $375.00

Mortgage Broker Branch 187.50

Mortgage Lender Entity 562.50

Mortgage Lender Branch 187.50

Mortgage Loan Originator 300.00

 

The department's prorated fees must be remitted directly to the department at Division of Banking and Financial Institutions, P.O. Box 200546, Helena, MT 59620-0546 by check or money order. In addition to the state fees, the NMLS charges processing fees that must be submitted to the NMLS.

(2) Each mortgage broker entity, mortgage broker branch, and mortgage loan originator holding a temporary Montana license that expires June 30, 2010 shall properly complete and submit a license application through the NMLS by May 31, 2010. A license issued under this section is valid for the period July 1, 2010 through December 31, 2010. The department's prorated fees for the license period of July 1, 2010, through December 31, 2010 are:

 

Mortgage Broker Entity $250.00

Mortgage Broker Branch 125.00

Mortgage Loan Originator 200.00

 

The department's prorated fees must be remitted directly to the department at Division of Banking and Financial Institutions, P.O. Box 200546, Helena, MT 59620-0546 by check or money order. In addition to the state fees, the NMLS charges processing fees which must be submitted to the NMLS.

(3) Licenses issued under this rule expire December 31, 2010. Licensees shall submit their renewal applications by December 1 of each year to assure issuance of the license to qualified renewal applicants by January 1 of the following year. The renewal fees for the license period January 1 through December 31 are:

 

Mortgage Broker Entity $500.00

Mortgage Broker Branch 250.00

Mortgage Lender Entity 750.00

Mortgage Lender Branch 250.00

Mortgage Loan Originator 400.00

(except as provided in 32-9-117, MCA)