Division of Banking and Financial Institutions

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Montana Title Loan Licensing

A title loan license is needed to engage in business as defined in the Montana Title Loan Act (Section 31-1-801, MCA). The Montana Title Loan Act was passed by the Montana State Legislature through House Bill 539 during the 2001 Regular Session. House Bill 539 provided for the licensure, examination and regulation of title loan businesses operating in Montana. 

 

 

**Memorandum:  License Renewal and Ballot Initiative No. 164**

 

Statute

• Montana Title Loan Act (print version)

Administrative Rules

Administrative Rules Printable Version (Effective 9/26/08)

• 2.59.1401 Definitions
• 2.59.1402 Licensing and Application Requirements - Exceptions
• 2.59.1403 Title Loan Designation
• 2.59.1404 Notification to the Department
• 2.59.1405 Ownership Change
• 2.59.1406 Examination of Title Lenders
• 2.59.1407 Rescinded Loans
• 2.59.1408 Failure to Correct Deficiencies
• 2.59.1409 Duration of Loans - Interest - Extensions
• 2.59.1410 Extensions - Reduction of Principal
• 2.59.1411 Department's Cost of Administrative Action
• 2.59.1412 Examination Fees
• 2.59.1413 Reports
• 2.59.1414 Schedule of Charges
• 2.59.1415 Required Record Keeping
• 2.59.1416 Employees' Character and Fitness
• 2.59.1417 Procedural Rules for Hearings and Discovery
• 2.59.1418 Sale of Repossessed Property
• 2.59.1419 Unfair Practice

Recent Legislation (2009 Regular Session)

• Senate Bill 47 (Effective October 1, 2009)

Licensee Lists

• Title Loan Licensee List

Forms & Instructions 

• Application for Title Loan License
• Title Loan Bond
• Consumer Information Pamphlet
• Renewal Form- Renewal due by December 1, 2011
• Annual Report - 2011 Annual Report must be filed on or before March 31, 2012
• Annual Report Preparation Instructions
• Complaint Form
• Title Loan License Questionnaire - Due by December 24, 2010
• Download Adobe Reader

 

Questions?

Division of Banking and Financial Institutions
301 South Park, Suite 316, PO Box 200546, Helena, MT 59620
Phone: (406) 841-2920 Fax: (406) 841-2930

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