Montana Statutes
§ 32-9-167 — Change Of Control
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 9 RESIDENTIAL MORTGAGE BROKERS, LENDERS, SERVICERS, AND LOAN ORIGINATORS·Part 1 Montana Mortgage Act
32-9-167 . Change of control.
(1)Without the prior approval of the department, it is unlawful for an action to be taken that results in a change of control of an entity licensed under this part. Prior to a change of control of a licensed entity, a person seeking to acquire control shall apply for an amendment to the license or a new license as required by the NMLS and pay all applicable fees.
(2)The department shall approve or disapprove the application for an amendment or new license in accordance with the provisions of this part.
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Legislative History
En. Sec. 22, Ch. 317, L. 2011; amd. Sec. 30, Ch. 125, L. 2013.
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Repealed§ 32-9-109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Repealed§ 32-9-114
Repealed§ 32-9-115
Repealed