NMLS Information
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Banking Division Presentation
NMLS Links
Licensing Requirements
Getting Started on the NMLS
Testing
- Mortgage Loan Originator (MLO) Testing Handbook
- National Test Content Outline
- Find a Montana Test Center
Montana State Component of the SAFE Mortgage Loan Originator Test
Memo to Mortgage Loan Originator Licensees (6/2/2010)
Test is Available June 14, 2010
Resource Material
- Montana Mortgage Broker, Mortgage Lender, and Mortgage Loan Originator Licensing Act (Title 32, Chapter 9, Part 1, Montana Code Annotated)
- Mortgage Administrative Rules (Title 2, Chapter 59, Subchapter 17, Administrative Rules of Montana)
- Montana Administrative Procedure Act (Title 2, Chapter 4, Parts 6 and 7, Montana Code Annotated)
Pre-licensing and Continuing Education
Criminal Background Checks
- NMLS Criminal Background Checks
- Submitting a Criminal Background Check Quick Guide
- Checking Status of a Criminal Background Check Quick Guide
Exemptions
For more information about exemptions from the Montana Mortgage Broker, Mortgage Lender, and Mortgage Loan Originator Licensing Act please refer to Section 32-9-104, MCA. The forms and list below only apply to entities and some individuals. In most instances it will apply to entities that are an agency of the federal, state, or municipal government or 501(c)(3) corporations which are not otherwise engaged in or holding itself out to the public as being engaged in the mortgage loan business, that makes mortgage loans to promote home ownership or improvements for bona fide low-income individuals.
An exempt entity may chose to register with the NMLS in order to manage its employees and provide a surety bond for them. Interested entities may refer to the NMLS Montana Exemption Checklist below.
- Exemption Spreadsheet (Last Updated 3/16/2010)
- Exemption Claim Form
- NMLS Montana Exemption Checklist
Montana Banking Division Announces Participation in Nationwide Mortgage Licensing System
HELENA, MONTANA – Annie Goodwin, Commissioner of Banking and Financial Institutions, today announced that, starting January 4, 2010, the Montana Division of Banking and Financial Institutions will begin participation in the Nationwide Mortgage Licensing System that was developed by the Conference of State Bank Supervisors (CSBS) and the American Association of Residential Mortgage Regulators (AARMR). Full Press Release
- Letter to Licensees (9/28/09)
- SAFE Requirements for Montana Mortgage Loan Originators
- Guidance on Transition to NMLS
