MAMB News
Administrative Rule change
Records to be maintained (PDF)
State’s response to regarding Section 32 (HOEPA).
There is nothing specific to the Home Ownership and Equity Protection Act (HOEPA) relative to the Montana Mortgage Broker and Loan Originator Licensing Act... Details >>
State Advertising Policy
Recent advertisements from mortgage entities licensed by the State of Montana have not always included the appropriate license numbers. Section 32-9-121, MCA requires a licensee or licensed entity to disclose in any printed, published, televised, email or internet advertisement for the provision of services the name and address of the licensee and the number designated on the license issued to the licensee or licensed entity by the Division of Banking and Financial Institutions.
Co-Brokering Loans
The Division of Banking and Financial Institutions has issued the following interpretation of the Montana Mortgage Broker and Loan Originator Licensing Act regarding co-brokering loans... Details >>
New MCA for Licensing, Laws and Regulations
HELENA, MONTANA: Annie Goodwin, Commissioner of the Montana Division of Banking and Financial Institutions, announced that the Montana Legislature passed a law, which requires the licensing of mortgage bankers. The law amends the Montana Mortgage Broker and Loan Originator Licensing Act. On April 20, 2005, Governor Brian Schweitzer signed Senate Bill 274 into law requiring mortgage bankers providing mortgage broker services to obtain licensure with the Montana Division of Banking and Financial Institutions of the Department of Administration. Details >>
New Administrative Rules
In the matter of the Notice of Amendment of ARM 2.59.1701 and 2.59.1704 pertaining to definitions and license renewal of mortgage brokers and loan originators. Details >>