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 Mortgage Licensing System (NMLS).
For instructions on how to use NMLS please go to the following links on the NMLS website:
NMLS Navigation
For help with a company account
For help with an individual account
Montana State Licensing Requirements
The forms can be viewed here.
Escrow Report Memo 3/1/18
2015 Non-depository Legislation
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
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
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
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
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
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
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