Montana Statutes
§ 32-9-102 — License Requirement -- Registration
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 9 RESIDENTIAL MORTGAGE BROKERS, LENDERS, SERVICERS, AND LOAN ORIGINATORS·Part 1 Montana Mortgage Act
32-9-102 . License requirement -- registration.
(1)Unless exempt under 32-9-104 , a person may not regularly engage in the business of a mortgage broker, mortgage lender, mortgage servicer, or mortgage loan originator with respect to any residential mortgage loan unless licensed or registered under the provisions of this part through the NMLS.
(2)A mortgage broker or mortgage lender may not employ or contract with any person required to be licensed under this part if the person is not licensed. (See part compiler's comment regarding contingent suspension.)
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Legislative History
En. Sec. 2, Ch. 516, L. 2003; amd. Sec. 1, Ch. 301, L. 2005; amd. Sec. 2, Ch. 321, L. 2009; amd. Sec. 5, Ch. 317, L. 2011; amd. Sec. 2, Ch. 125, L. 2013; amd. Sec. 1, Ch. 24, L. 2015.
Nearby Sections
15
§ 32-9-101
Short Title And Purpose§ 32-9-102
License Requirement -- Registration§ 32-9-103
Definitions§ 32-9-104
Exemptions -- Proof Of Exemption§ 32-9-106
Simultaneous Licensure§ 32-9-108
Repealed§ 32-9-109
Experience Requirements§ 32-9-111
Repealed§ 32-9-114
Repealed§ 32-9-115
Repealed