Montana Statutes
§ 32-9-202 — Applicability -- Exclusions
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 9 RESIDENTIAL MORTGAGE BROKERS, LENDERS, SERVICERS, AND LOAN ORIGINATORS·Part 2 Nonbank Mortgage Servicers
32-9-202 . Applicability -- exclusions.
(1)This part is applicable to covered institutions. For entities within a holding company or affiliated group of companies, applicability is at the covered institution level.
(2)The following exclusions apply:
(a)This part does not apply to not-for-profit servicers or housing finance agencies.
(b)Section 32-9-206 does not apply to servicers solely owning or conducting reverse mortgage servicing, or the reverse mortgage portfolio administered by covered institutions or the whole loan portion of portfolios.
(c)A servicer with 25 or fewer loans, a servicer that is wholly owned and controlled by one or more depository institutions regulated by a state or federal banking agency, or a servicer that is also licensed as an escrow business may apply to t
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Legislative History
En. Sec. 2, Ch. 4, L. 2023.
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Repealed§ 32-9-109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Repealed§ 32-9-114
Repealed§ 32-9-115
Repealed