Montana Escrow Business Licensing

ESCROW LICENSEE LIST - AS OF 3/21/2022 (LICENSES EXPIRES ANNUALLY ON DECEMBER 31)

NMLS #	Company Name	City	State	License Type	License Status
1911921	BGO US Mortgages Inc.	Seattle	WA	MT Escrow Business License	Approved
2123736	Cash Cow Escrow	Park City	MT	MT Escrow Business License	Approved
1579005	Consumer Safety Group, LLC	Fairfield	MT	MT Escrow Business License	Approved
947898	Escrow Montana LLC	Whitefish	MT	MT Escrow Business License	Approved
1370002	Internet Escrow Services, Inc.	San Francisco	CA	MT Escrow Business License	Approved
2916	LoanCare, LLC	Virginia Beach	VA	MT Escrow Business License	Approved
1185532	Payment Servicing Corporation	Kalispell	MT	MT Escrow Business License	Approved
910457	PayPal, Inc.	San Jose	CA	MT Escrow Business License	Approved
1239915	Resort Closings, Inc.	Bozeman	MT	MT Escrow Business License	Approved

Licensing

A escrow license is required to engage in business as defined in the Regulation of Escrow Businesses Act (Section 32-7-101, MCA). The Regulation of Escrow Businesses Act provides that the business practices of the escrow industry are fair and orderly among the members of the escrow industry, with due regard to the ultimate consumers in this important area of property protection.

The Montana Division of Banking and Financial Institutions (Division) does all of its licensing through the Nationwide Multistate Licensing System (NMLS).

For instructions on how to use NMLS please go to the following links on the NMLS website:

Reporting Requirements

Annual Report

The Annual Financial Statement and Escrow Activities Report must be filed with the Division by April 30th. The report can be found on the Forms page.

Secretary of State Annual Report

All escrow licensees are required to register their business with the Montana Secretary of State (SOS). An Annual Report is required to keep this registration. Please visit the Montana SOS website for more details.

Memorandums

Escrow Report Memo 2/23/21

New Legislation

Statutes and Administrative Rules

Administrative Rule Notices

MAR Notice Number	Topic Addressed in Notice	Date Published
2-59-612	Notice of Amendment and Repeal pertaining to: standardized forms and procedures of the NMLS for consumer loan licenses, escrow business licenses, sales finance company licenses, and deferred deposit lender licenses; consumer loan license surrender; definitions for mortgage licensees; revocation, suspension, or surrender of mortgage licenses; initial applications through NMLS for consumer loan licenses, escrow business licenses, sales finance company licenses, and deferred deposit lender licenses; consumer loan license amendments and fees; escrow business license amendments, surrender, and fees sales finance company license amendments, surrender, and fees deferred deposit lender license amendments, surrender, and fees; and table funding requiring licensure for mortgage licensees.	2/11/22
2-59-612	Notice of Proposed Amendment and Repeal pertaining to: standardized forms and procedures of the NMLS for consumer loan licenses, escrow business licenses, sales finance company licenses, and deferred deposit lender licenses; consumer loan license surrender; definitions for mortgage licensees; revocation, suspension, or surrender of mortgage licenses; initial applications through NMLS for consumer loan licenses, escrow business licenses, sales finance company licenses, and deferred deposit lender licenses; consumer loan license amendments and fees; escrow business license amendments, surrender, and fees sales finance company license amendments, surrender, and fees deferred deposit lender license amendments, surrender, and fees; and table funding requiring licensure for mortgage licensees.	12/23/21
2-59-597	Notice of Adoption of Temporary Emergency Rule - Effective March 24, 2020	03/24/20
2-59-571	Notice of Amendment: Annual Reporting for Consumer Loan Licensees, Escrow Business Reference Updates, Mortgage Definitions, Mortgage Renewal Fees, and Escrow Funds Held by Mortgage Companies	04/28/18
2-59-571	Notice of Proposed Amendment - Annual Reporting for Consumer Loan Licensees - Escrow Business Reference Updates - Mortgage Definitions - Mortgage Renewal Fees - Escrow Funds Held by Mortgage Companies	02/24/18
2-59-558	Notice of Adoption - Due Date of Annual Financial Statement for Escrow Licensee.	07/22/17
2-59-558	Notice of Proposed Adoption - Annual Financial Statement and Escrow Activities Report and Due Date	05/27/17
2-59-551	Notice of Amendment and Repeal - Application Procedure - Standardized Forms and Procedures - Transition of Escrow Business Licensees to the NMLS.	12/24/16
2-59-551	Notice of Proposed Amendment and Repeal - Application Procedure - Standardized Forms and Procedures - Transition of Escrow Business Licensees to the NMLS	10/29/16
2-59-516	Corrected Notice of Adoption: Transitioning Existing Escrow Business Company Licenses to the Nationwide Multistate Licensing System and Use of the System for All Future Licensing	04/ 06/ 15
2-59-516	Notice of Adoption : Transitioning Existing Escrow Business Company Licenses to the Nationwide Multistate Licensing System and Use of the System for All Future Licensing	10/09/14
2-59-516	Notice of Proposed Adoption: Transitioning Existing Escrow Business Company Licenses to the Nationwide Multistate Licensing System and Use of the System for All Future Licensing	08/08/14

MONTANA ESCROW BUSINESS LICENSING

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