Mont. Admin. r. 2.59.1739 - APPLICATION OF FINANCIAL STANDARDS
(1) Section
32-9-120(1)(c)
and 32-9-113, MCA, require mortgage
loan originators, as well as ultimate equity owners and control persons of
entities, to meet financial responsibility standards. These persons are
referenced in ARM
2.59.1739 through
2.59.1742 as "individuals."
(2) Financial responsibility,
character, and general fitness are continuing requirements for individuals and
must be met at all times including upon initial licensure and
renewal.
Notes
AUTH: 32-9-130, MCA; IMP: 32-9-113, 32-9-117, 32-9-120, MCA
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