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Rule Title: APPLICATION PROCEDURE FOR AUTHORIZATION TO ENGAGE IN THE ESCROW BUSINESS
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Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Escrow Business
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.701    APPLICATION PROCEDURE FOR AUTHORIZATION TO ENGAGE IN THE ESCROW BUSINESS

(1) In addition to the statutory qualifications found in Title 32, chapter 7, MCA, officers and managers of proposed escrow businesses shall demonstrate the character and fitness to operate their proposed escrow businesses in compliance with all applicable state and local laws.

(2) The director, the commissioner of banking and financial institutions, and examining personnel of the banking and financial institutions division may gather all available information relative to applications and conduct such investigations as they may determine are warranted to verify the qualifications of the applicant.

(3) An application fee of $350 shall be paid to the state of Montana at the time of application, and thereafter shall not be refundable either in whole or in part.

 

History: 32-7-108, MCA; IMP, 32-7-109, MCA; NEW, 1990 MAR p. 929, Eff. 5/18/90; TRANS, from Commerce, 2001 MAR p. 1181; AMD, 2016 MAR p. 2410, Eff. 12/24/16.


 

 
MAR Notices Effective From Effective To History Notes
2-59-551 12/24/2016 Current History: 32-7-108, MCA; IMP, 32-7-109, MCA; NEW, 1990 MAR p. 929, Eff. 5/18/90; TRANS, from Commerce, 2001 MAR p. 1181; AMD, 2016 MAR p. 2410, Eff. 12/24/16.
5/18/1990 12/24/2016 History: Sec. 32-7-108, MCA; IMP, Sec. 32-7-109, MCA; NEW, 1990 MAR p. 929, Eff. 5/18/90; TRANS, from Commerce, 2001 MAR p. 1181.
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