MONTANA MORTGAGE BROKER, LENDER, AND SERVICER
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The Montana mortgage lender, broker, and servicer licenses are for any companies who regularly engage in the business of residential mortgage lenders, brokers, or servicers with Montana consumers, unless exempt under 32-9-104. These licenses are separate - each license is needed to engage in each activity, e.g. a lender license does not cover brokering.
The Montana Division of Banking and Financial Institutions (Division) does all of its licensing through the Nationwide Mortgage Licensing System (NMLS). A licensing decision is usually made on a company application within 20 days, and within 10 days for a branch.
For instructions on how to use NMLS please go to the following links on the NMLS website:
NMLS Navigation: http://mortgage.nationwidelicensingsystem.org/slr/resources/Pages/NavGuides.aspx
For help with a company account: http://mortgage.nationwidelicensingsystem.org/slr/resources/Pages/CompanyQuickGuides.aspx
For help with an individual account:
http://mortgage.nationwidelicensingsystem.org/slr/resources/Pages/IndividualQuickGuides.aspx
Montana State Licensing Requirements: http://mortgage.nationwidelicensingsystem.org/slr/Pages/DynamicLicenses.aspx?StateID=MT
The Montana Division does not issue paper licenses.
To verify licensure of a financial services provider, visit the NMLS Consumer Access website.
MCR
All mortgage licensees must submit the quarterly Mortgage Call Report (MCR) through NMLS. Please visit the NMLS Mortgage Call Report website for detailed information and forms.
Mortgage Servicers who do not file the expanded MCR must also complete the Quarterly Statement of Montana Mortgage Servicing Activity report.
Financial Statements
Financial statements must be submitted in NMLS within 90 days of the entity's fiscal year end.
Mortgage Servicers: Audited
Mortgage Lenders: Unaudited (reviewed)
Mortgage Brokers: Not required
Secretary of State Annual Report
All mortgage 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.
Forms can be found on the NMLS website and on the Division website.
Pipeline Report
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This sample report should be used to track any residential mortgage loan files that are in a pending, closed, withdrawn, denied or canceled status. Sample Pipeline Report
Montana Loan Origination Disclosure
- Section 32-9-124(2), MCA states, "Prior to providing mortgage broker services to a borrower, the licensee, in addition to other disclosures required by this part and other state and federal laws, shall provide to the borrower at the time of application a written disclosure containing substantially the following language, which must be signed by the borrower:" Below is the required Montana specific form in two formats for your convenience.
- Mortgage Loan Origination Disclosure (PDF Document - last updated 09/23/11)
- Mortgage Loan Origination Disclosure (Word Document - last updated 09/23/11)
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MAR Notice Number |
Topics Addressed in Notice |
Date Published |
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Notice of Adoption and Amendment pertaining to examination fees, revocation and suspension of mortgage licenses, consumer complaints, confidentiality agreements and sharing arrangements, reinstatement of expired or suspended licenses, mortgage loan origination disclosure form, bona fide not-for-profit certification, and applications for initial licenses near year end |
06/11/21 |
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Notice of Proposed Adoption and Amendment pertaining to examination fees, revocation and suspension of mortgage licenses, consumer complaints, confidentiality agreements and sharing arrangements, reinstatement of expired or suspended licenses, mortgage loan origination disclosure form, bona fide not-for-profit certification, and applications for initial licenses near year end Proposed Forms |
04/16/21 |
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Notice of Amendment - pertaining to renewal fees of mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators |
10/09/20 |
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Notice of Amendment - Designated Manager Supervisory Requirements |
10/09/20 |
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Notice of Proposed Amendment - Designated Manager Supervisory Requirements |
08/28/20 |
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Notice of Proposed Amendment - Renewal fees of mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators |
08/28/20 |
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Notice of Amendment - Report due dates for mortgage servicers and when initial mortgage license applications are deemed abandoned |
08/28/20 |
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Notice of Proposed Amendment - Report due dates for mortgage servicers and when initial mortgage license applications are deemed abandoned |
07/10/20 |
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Notice of Adoption of Temporary Emergency Rule - Effective March 24, 2020 |
03/24/20 |
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Notice of Adoption - Government Sponsored Enterprises - Designated Manager Supervisory Requirements - False, Deceptive, or Misleading Advertising - Internet or Electronic Advertising. |
12/27/19 |
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Notice of Amendment - Renewal fees for mortgage brokers, lenders, servicers, and originators |
11/09/19 |
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Notice of Proposed Adoption - Government sponsored enterprises, designated manager supervisory requirements, false, deceptive, or misleading advertising, and internet or electronic advertising |
11/09/19 |
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Notice of Proposed Amendment - Renewal fees for mortgage brokers, lenders, servicers, and originators |
09/21/19 |
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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 |
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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 |
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Notice of Proposed Amendment - Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators |
01/12/18 |
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Notice of Adoption - Definition of "Alter" for Mortgage Licensees |
09/09/17 |
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Notice of Proposed Adoption - Definition of "Alter" for Mortgage Licensees. No Public Hearing Contemplated |
7/08/17 |
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Notice of Amendment and Repeal – Surety Bond – Table Funding – Application of Financial Standards – Reporting Forms for Mortgage Servicers – Standardized Forms and Procedures of the Nationwide Mortgage Licensing System – Clarification of Definition |
7/08/17 |
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Notice of Proposed Amendment and Repeal – Surety Bond – Table Funding – Application of Financial Standards – Reporting Forms for Mortgage Servicers – Standardized Forms and Procedures of the Nationwide Mortgage Licensing System – Clarification of Definition. No Public Hearing Contemplated |
05/13/2017 |
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Notice of Adoption and Amendment - Definition of "Regularly Engage" - Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators |
10/15/2016 |
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Notice of Proposed Adoption and Amendment: Definition of "Regularly Engage" and Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators |
08/06/2016 |
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Notice of Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender |
06/18/2016 |
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Notice of Proposed Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender |
04/23/2016 |
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Notice of Amendment - Records to Be Maintained by Mortgage Brokers - Records to Be Maintained by Mortgage Lenders - Reporting Forms for Mortgage Servicers |
12/25/2015 |
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Notice of Proposed Amendment - Records to Be Maintained by Mortgage Brokers - Records to Be Maintained by Mortgage Lenders - Reporting Forms for Mortgage Servicers. No Public Hearing Contemplated. |
10/16/2015 |
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Notice of Proposed Amendment - Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators. No Public Hearing Contemplated. |
07/31/2015 | |
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Notice of Amendment - Recovery of the Costs in Bringing an Administrative Action - Treatment of Initial License Applications Submitted Near Year-End - Abandonment of Initial License Applications - Mortgage Licensees. |
07/17/2015 |
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Notice of Proposed Amendment: Recovery of the Costs in Bringing an Administrative Action; Treatment of Initial License Applications Submitted Near Year-end; and Abandonment of Initial License Applications, All Related to Mortgage Licensees |
05/15/2015 |
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Notice of Amendment: Renewal Fees for Mortgage Licensees |
11/07/2014 |
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Notice of Proposed Amendment: Renewal Fees for Mortgage Licensees |
09/19/2014 |
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Notice of Adoption, Amendment, and Repeal: Definition of origination of a mortgage loan, certificate of bona fide not-for-profit entity, state-specific prelicensing education, and when an application is deemed abandoned, the amendment of ARM 2.59.1701, 2.59.1702, 2.59.1728, 2.59.1731, and 2.59.1743 pertaining to definitions, proof of experience, standardized forms, reinstatement of licenses, and reporting forms for mortgage servicers, and the repeal of ARM 2.59.1725, 2.59.1727, and 2.59.1749 pertaining to licensing exemptions, mortgage loan originator testing, and written exemption form |
12/27/2013 |
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Notice of Public Hearing on Proposed Adoption, Amendment, and Repeal: Definition of origination of a mortgage loan, certificate of bona fide not-for-profit entity, state-specific prelicensing education, and when an application is deemed abandoned, the amendment of ARM 2.59.1701, 2.59.1702, 2.59.1728, 2.59.1731, and 2.59.1743 pertaining to definitions, proof of experience, standardized forms, reinstatement of licenses, and reporting forms for mortgage servicers, and the repeal of ARM 2.59.1725, 2.59.1727, and 2.59.1749 pertaining to licensing exemptions, mortgage loan originator testing, and written exemption form |
11/01/2013 |
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Notice of Amendment and Adoption: Written Exemption Form for Requesting a Mortgage Licensing Exemption |
01/18/2013 |
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Notice of Proposed Amendment and Adoption: Written Exemption Form for Requesting a Mortgage Licensing Exemption |
09/21/2012 |
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Notice of Adoption, Amendment, and Repeal: Mortgage Servicers, the amendment of ARM 2.59.1701, 2.59.1703, 2.59.1706, 2.59.1707, 2.59.1709, 2.59.1725, 2.59.1727, 2.59.1728, 2.59.1730, 2.59.1731, and the repeal of ARM 2.59.1721, 2.59.1722, 2.59.1723, 2.59.1732, and 2.59.1736 |
09/07/2012 |
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Corrected Notice of Adoption: Financial Responsibility of Mortgage Loan Originators and Control Persons and Ultimate Equity Owners of Mortgage Entities |
06/22/2012 |
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Notice of Public Hearing on Proposed Adoption, Amendment and Repeal: Mortgage Servicers, the amendment of ARM 2.59.1701, 2.59.1703, 2.59.1706, 2.59.1707, 2.59.1709, 2.59.1725, 2.59.1727, 2.59.1728, 2.59.1730, 2.59.1731, and the repeal of ARM 2.59.1721, 2.59.1722, 2.59.1723, 2.59.1732, and 2.59.1736 |
04/27/2012 |
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Notice of Adoption: Financial Responsibility of Mortgage Loan Originators and Control Persons and Ultimate Equity Owners of Mortgage Entities |
01/27/2012 |
To protect the privacy of those who deal with state and local government, the Division may not provide distribution lists, as stated in 2-6-1017, MCA. If you feel you have a request that meets the exemptions in the statute, please send an email to banking@mt.gov containing the information requested along with details on how the information will be used.