Montana Mortgage Broker, Lender, and Servicer

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Licensing

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

Authorization Form

Licensure Verification

The Montana Division does not issue paper licenses. 

To verify licensure of a financial services provider, visit the NMLS Consumer Access website.

Mortgage Call Reports

Please visit the NMLS Mortgage Call Report website for detailed information and forms.

Forms

Forms can be found on the NMLS website and on the Division website.

Pipeline Report

  • This sample report should be used to track any residential mortgage loan files that are in a pending, closed, withdrawn, denied or cancelled status.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 Examinations

New Legislation

 

 

Statutes, Administrative Rules & Guidance

Administrative Rule Notices

MAR Notice Number

Topics Addressed in Notice

Date

2-59-590

Notice of Amendment - Renewal fees for mortgage brokers, lenders, servicers, and originators

11/09/19

2-59-586

Notice of Proposed Adoption - Government sponsored enterprises, designated manager supervisory requirements, false, deceptive, or misleading advertising, and internet or electronic advertising

11/09/19

2-59-590

Notice of Proposed Amendment - Renewal fees for mortgage brokers, lenders, servicers, and originators

09/21/19

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

2-59-567

Notice of Proposed Amendment - Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators

01/12/18

2-59-559

Notice of Adoption - Definition of "Alter" for Mortgage Licensees

09/09/17

2-59-559

Notice of Proposed Adoption - Definition of "Alter" for Mortgage Licensees. No Public Hearing Contemplated

7/08/17

2-59-554

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

2-59-554

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

2-59-546

Notice of Adoption and Amendment - Definition of "Regularly Engage" - Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators

10/15/2016

2-59-546

Notice of Proposed Adoption and Amendment:  Definition of "Regularly Engage" and Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators

08/06/2016

2-59-541

Notice of Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender

06/18/2016

2-59-541

Notice of Proposed Amendment - Determining the Amount of Surety Bond for a New Mortgage Broker or Mortgage Lender

04/23/2016

2-59-534

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

2-59-534

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

2-59-528

Notice of Proposed Amendment - Renewal Fees for Mortgage Brokers, Lenders, Servicers, and Originators. No Public Hearing Contemplated.

 07/31/2015

2-59-523

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

2-59-523

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

2-59-521

Notice of Amendment:  Renewal Fees for Mortgage Licensees

11/07/2014

2-59-521

Notice of Proposed Amendment:  Renewal Fees for Mortgage Licensees

09/19/2014

2-59-500

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

2-59-500

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

2-59-471

Notice of Amendment and Adoption: Written Exemption Form for Requesting a Mortgage Licensing Exemption

01/18/2013

2-59-471

Notice of Proposed Amendment and Adoption: Written Exemption Form for Requesting a Mortgage Licensing Exemption

09/21/2012

2-59-462

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

2-59-458

Corrected Notice of Adoption:  Financial Responsibility of Mortgage Loan Originators and Control Persons and Ultimate Equity Owners of Mortgage Entities

06/22/2012

2-59-462

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

2-59-458

Notice of Adoption:  Financial Responsibility of Mortgage Loan Originators and Control Persons and Ultimate Equity Owners of Mortgage Entities

01/27/2012

Information Requests

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.

Frequently Asked Questions

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