State Licensing Requirements

Montana

Electronic filings through NMLS may be delayed if all required items on the appropriate checklist below are not submitted to the regulator.

Check state agency website for further information: Montana Division of Banking & Financial Institutions

Common Requirements

The following requirements are handled through a common process for all jurisdictions:

Renewals - Annual license renewal for 2010

Financial Statements - Submitting financial statements through NMLS

Professional Requirements - Testing, education and background check requirements for individual Mortgage Loan Originators

Policy - Common policies, including the Policy Guidebook for Licensees

Company Licenses	Description	Requirements Checklist
Mortgage Broker License	This License is required of any company or sole proprietorship that obtains, attempts to obtain, or assists in obtaining a mortgage loan for a borrower from a lender in return for, or in anticipation of, consideration. (More Details)	New Application Amendment Surrender
Mortgage Lender License	This License is required for any company or sole proprietorship that closes a residential mortgage loan, advances funds, offers to advance funds, or commits to advance funds for a mortgage loan. (More Details)	New Application Amendment Surrender
Exempt Company Registration	This registration is voluntary for a mortgage company that is exempt but has employees that act as mortgage loan originators. (More Details)	New Application Amendment Surrender
Branch Licenses	Description	Requirements Checklist
Mortgage Broker Branch License	This license is required for any location, other than the principal place of business, located in Montana or any other state, where a mortgage broker offers or assists in obtaining a mortgage loan for a Montana resident or secured by property in Montana. (More Details)	New Application Amendment Surrender
Mortgage Lender Branch License	This license is required for any location, other than the principal place of business, located in Montana or any other state, where a lender originates a residential mortgage loan with a Montana resident or secured by property in Montana. (More Details)	New Application Amendment Surrender
Exempt Branch Registration	This registration is voluntary for branches of a mortgage company that is exempt but has employees that act as mortgage loan originators. (More Details)	New Application Amendment Surrender
Individual Licenses	Description	Requirements Checklist
Mortgage Loan Originator License	This license is required of any individual, who for compensation or gain, or in the expectation of compensation or gain, takes a residential mortgage loan application or offers or negotiates the terms of a residential mortgage loan, for any dwelling, residential real estate, or borrower located in Montana. (More Details)	New Application Amendment Surrender