(1) A bank that seeks to use 32-1-362, MCA, in order to engage in any activity or business in which the bank could engage if it were operating as a national bank shall request approval from the department in writing, preferably by electronic communication sent to banking@mt.gov.

(2) The request for approval shall include:

(a) the power or activity the bank seeks to engage in;

(b) a citation to the federal law, rule, or interpretive ruling that clearly authorizes national banks to engage in that activity; and

(c) a description of all the relevant details of the proposed activity or business that will allow the department to decide on the request.