Table of Contents
TITLE 32. FINANCIAL INSTITUTIONS
CHAPTER 9. RESIDENTIAL MORTGAGE BROKERS, LENDERS, SERVICERS, AND LOAN ORIGINATORS
Part 1. Montana Mortgage Act
Current Version 2025, 2023, 2021, 2019, 2015, 2013, 2011, 2009, 2007, 2005, 2003
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32-9-101
32-9-102
32-9-103
32-9-104
32-9-105
32-9-106
32-9-107
32-9-109
32-9-110
32-9-112
32-9-113
32-9-116
32-9-117
32-9-118
32-9-120
32-9-121
32-9-122
32-9-123
32-9-124
32-9-126
32-9-128
32-9-129
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32-9-133
32-9-134
32-9-135
32-9-141
32-9-142
32-9-145
32-9-148
32-9-149
32-9-150
32-9-151
32-9-152
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32-9-160
32-9-165
32-9-166
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32-9-173
Mont. Code Ann. § 32-9-109

Experience requirements

(1) An individual may not act as a designated manager without a minimum of 3 years of experience working as a mortgage loan originator or in a related field.

See part compiler's comment regarding contingent suspension.

(2) An individual may not act as a responsible individual without a minimum of 1 1/2 years of experience working as a mortgage loan originator or in a related field.

(3) The department shall by rule establish what constitutes work in a related field.

Official Annotations
History:
En. Sec. 6, Ch. 516, L. 2003 (SB 402 - Cocchiarella, Vicki (D) SD 32)
Amd. Sec. 3, Ch. 301, L. 2005 (SB 274 - Barkus, Gregory (R) SD 4)
Amd. Sec. 3, Ch. 498, L. 2007 (SB 92 - Steinbeisser, Donald (R) SD 19)
Amd. Sec. 9, Ch. 321, L. 2009 (SB 351 - Essmann, Jeff (R) SD 28)
Amd. Sec. 7, Ch. 125, L. 2013 (SB 93 - Vuckovich, Gene (D) SD 43)
Amd. Sec. 6, Ch. 24, L. 2015 (SB 98 - Facey, Tom (D) SD 50)
Source