reglab/housing_qa huggingface dataset:
MT Code § 32-9-170 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 9. Residential Mortgage Brokers, Lenders, Servicers, and Loan Originators|Part 1. Montana Mortgage Act|32-9-170. Mortgage servicer duties

  32-9-170. Mortgage servicer duties. In addition to any duties imposed by federal law or regulations or the common law, a mortgage servicer shall:   (1) safeguard and account for any money handled for the borrower;   (2) follow reasonable and lawful instructions from the borrower;   (3) act with reasonable skill, care, and diligence;   (4) comply with the servicing standards set by the department by rule;   (5) file with the department a complete, current schedule of the ranges of costs and fees the mortgage servicer charges borrowers for servicing-related activities with the mortgage servicer's application and with any supplemental filings made as often as the schedule of costs and fees is amended;   (6) file with the department upon request a report in a form and format set forth by the department by rule detailing the mortgage servicer's activities in this state;   (7) at the time the mortgage servicer accepts assignment of servicing rights for a mortgage loan, disclose any notice required under federal law or regulation; and   (8) in the event of a delinquency or other act of default on the part of the borrower, act in good faith to inform the borrower of the facts concerning the loan and the nature and extent of the delinquency or default and, if the borrower replies, negotiate with the borrower, subject to the mortgage servicer's duties and obligations under the mortgage servicing contract, if any, to attempt a resolution or workout pertaining to the delinquency or default.   History: En. Sec. 34, Ch. 317, L. 2011; amd. Sec. 31, Ch. 125, L. 2013; amd. Sec. 16, Ch. 24, L. 2015; amd. Sec. 13, Ch. 65, L. 2019.
MT Code § 32-9-171 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 9. Residential Mortgage Brokers, Lenders, Servicers, and Loan Originators|Part 1. Montana Mortgage Act|32-9-171. Mortgage servicer capital requirements

  32-9-171. Mortgage servicer capital requirements. (1) The following definitions apply to this section:   (a) "Liquidity" means unrestricted cash and cash equivalents, investment grade securities that are available for sale or held for trade, and unused and available portion of committed servicing advance lines.   (b) "Operating reserves" are funds set aside in anticipation of future payments or obligations and are included in liquidity.   (c) "Tangible net worth" means total equity minus receivables due from affiliated entities, minus goodwill and other intangible assets, and minus the carrying value of pledged assets net of the associated liabilities of the pledged assets. Tangible net worth does not include money held in borrower escrow accounts.   (2) A mortgage servicer operating as an approved servicer by a government-sponsored enterprise shall maintain liquidity, operating reserves, and tangible net worth that meet the standards set by the government-sponsored enterprise. If approved by more than one government-sponsored enterprise, the mortgage servicer must meet the highest standard of the government-sponsored enterprises for which it is approved. The department may define by rule the list of government-sponsored enterprises.   (3) (a) A mortgage servicer with a portfolio of only nongovernment-sponsored enterprise loans shall maintain a minimum tangible net worth of $1 million or maintain a $1 million surety bond.   (b) A mortgage servicer with a portfolio of nongovernment-sponsored enterprise loans shall maintain liquidity, including operating reserves, of 0.00035 times the unpaid principal balance of the portfolio.   (4) A mortgage servicer with 25 or fewer loans, a mortgage servicer that is wholly owned and controlled by one or more depository institutions regulated by a state or federal banking agency, or a mortgage servicer that is also licensed as an escrow business may apply to the department to waive or adjust one or more of the capital requirements in subsections (2) and (3). In considering such a request, the department will consider whether the mortgage servicer has a positive net worth and adequate operating reserves.   (5) The continuous maintenance of the minimum liquidity, operating reserves, and tangible net worth required under this section is necessary for continued licensure under this part. Failure to meet or maintain these minimum standards may constitute grounds for denial of an application, issuance of a cease and desist order, license suspension, or license revocation.   History: En. Sec. 1, Ch. 65, L. 2019.
MT Code § 32-9-172 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 9. Residential Mortgage Brokers, Lenders, Servicers, and Loan Originators|Part 1. Montana Mortgage Act|32-9-172. Mortgage lender net worth requirement

  32-9-172. Mortgage lender net worth requirement. (1) A mortgage lender shall continuously maintain the minimum net worth required by this section.   (2) A mortgage lender must have a minimum net worth of $250,000 and submit evidence that establishes compliance with this section. Evidence of net worth must include submission of recent financial statements accompanied by a written statement by an independent certified public accountant attesting that the accountant has reviewed the financial statements in accordance with generally accepted accounting principles.   (3) If the net worth of a mortgage lender falls below the minimum net worth set forth in subsection (2), the licensee shall provide a plan, subject to approval of the department, to increase the licensee's net worth to an amount in conformance with this section. Submission of a plan under this section must be made within 30 business days of service of a notice from the department that the licensee is not in compliance with subsection (2). A plan that is not timely submitted or that is not approved by the department may result in denial of the application, issuance of a cease and desist order, license suspension, or license revocation.   (4) Maintenance of the minimum net worth specified under this section is a requirement for continued licensure. Failure to meet or maintain the minimum net worth standards under this part may constitute grounds for the denial of an application, issuance of a cease and desist order, license suspension, or license revocation.   History: En. Sec. 2, Ch. 65, L. 2019.
MT Code § 32-10-101 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 1. General Provisions (Repealed)|32-10-101. Repealed

  32-10-101. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 1, Ch. 369, L. 2007.
MT Code § 32-10-102 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 1. General Provisions (Repealed)|32-10-102. Repealed

  32-10-102. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 2, Ch. 369, L. 2007.
MT Code § 32-10-103 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 1. General Provisions (Repealed)|32-10-103. Repealed

  32-10-103. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 3, Ch. 369, L. 2007.
MT Code § 32-10-201 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-201. Repealed

  32-10-201. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 4, Ch. 369, L. 2007.
MT Code § 32-10-202 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-202. Repealed

  32-10-202. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 5, Ch. 369, L. 2007.
MT Code § 32-10-203 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-203. Repealed

  32-10-203. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 6, Ch. 369, L. 2007.
MT Code § 32-10-204 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-204. Repealed

  32-10-204. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 7, Ch. 369, L. 2007.
MT Code § 32-10-205 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-205. and 32-10-206 reserved

  32-10-205 and 32-10-206 reserved.
MT Code § 32-10-207 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-207. Repealed

  32-10-207. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 8, Ch. 369, L. 2007.
MT Code § 32-10-208 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-208. Repealed

  32-10-208. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 9, Ch. 369, L. 2007.
MT Code § 32-10-209 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 2. Licensing (Repealed)|32-10-209. Repealed

  32-10-209. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 10, Ch. 369, L. 2007.
MT Code § 32-10-301 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 3. Regulation of Licensees (Repealed)|32-10-301. Repealed

  32-10-301. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 11, Ch. 369, L. 2007.
MT Code § 32-10-302 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 3. Regulation of Licensees (Repealed)|32-10-302. Repealed

  32-10-302. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 12, Ch. 369, L. 2007.
MT Code § 32-10-303 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 3. Regulation of Licensees (Repealed)|32-10-303. Repealed

  32-10-303. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 13, Ch. 369, L. 2007.
MT Code § 32-10-304 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 3. Regulation of Licensees (Repealed)|32-10-304. through 32-10-308 reserved

  32-10-304 through 32-10-308 reserved.
MT Code § 32-10-309 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 3. Regulation of Licensees (Repealed)|32-10-309. Repealed

  32-10-309. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 14, Ch. 369, L. 2007.
MT Code § 32-10-310 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 3. Regulation of Licensees (Repealed)|32-10-310. Repealed

  32-10-310. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 15, Ch. 369, L. 2007.
MT Code § 32-10-401 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 4. Violations (Repealed)|32-10-401. Repealed

  32-10-401. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 16, Ch. 369, L. 2007.
MT Code § 32-10-402 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 4. Violations (Repealed)|32-10-402. Repealed

  32-10-402. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 17, Ch. 369, L. 2007.
MT Code § 32-10-403 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 4. Violations (Repealed)|32-10-403. Repealed

  32-10-403. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 18, Ch. 369, L. 2007.
MT Code § 32-10-404 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 4. Violations (Repealed)|32-10-404. Repealed

  32-10-404. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 19, Ch. 369, L. 2007.
MT Code § 32-10-405 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 4. Violations (Repealed)|32-10-405. Repealed

  32-10-405. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 20, Ch. 369, L. 2007.
MT Code § 32-10-406 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 4. Violations (Repealed)|32-10-406. Repealed

  32-10-406. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 21, Ch. 369, L. 2007.
MT Code § 32-10-501 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-501. Repealed

  32-10-501. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 22, Ch. 369, L. 2007.
MT Code § 32-10-502 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-502. Repealed

  32-10-502. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 23, Ch. 369, L. 2007.
MT Code § 32-10-503 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-503. Repealed

  32-10-503. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 24, Ch. 369, L. 2007.
MT Code § 32-10-504 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-504. Repealed

  32-10-504. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 25, Ch. 369, L. 2007.
MT Code § 32-10-505 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-505. Repealed

  32-10-505. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 26, Ch. 369, L. 2007.
MT Code § 32-10-506 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-506. Repealed

  32-10-506. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 27, Ch. 369, L. 2007.
MT Code § 32-10-507 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-507. Repealed

  32-10-507. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 28, Ch. 369, L. 2007.
MT Code § 32-10-508 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-508. through 32-10-511 reserved

  32-10-508 through 32-10-511 reserved.
MT Code § 32-10-512 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-512. Repealed

  32-10-512. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 29, Ch. 369, L. 2007.
MT Code § 32-10-513 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-513. Repealed

  32-10-513. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 30, Ch. 369, L. 2007.
MT Code § 32-10-514 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-514. Repealed

  32-10-514. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 31, Ch. 369, L. 2007.
MT Code § 32-10-515 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 10. Montana Residential Mortgage Lender Licensing Act (Repealed)|Part 5. Enforcement (Repealed)|32-10-515. Repealed

  32-10-515. Repealed. Sec. 34, Ch. 321, L. 2009.   History: En. Sec. 32, Ch. 369, L. 2007.
MT Code § 32-11-101 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 1. General Procedures -- Definitions -- Purposes|32-11-101. Short title

  32-11-101. Short title. This chapter may be cited as the "Business and Industrial Development Corporation Act".   History: En. Sec. 1, Ch. 411, L. 2007.
MT Code § 32-11-103 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 1. General Procedures -- Definitions -- Purposes|32-11-103. Purposes

  32-11-103. Purposes. The purposes of this chapter are to:   (1) promote economic development by encouraging the formation of one or more BIDCOs to help meet the financing assistance and management assistance needs of businesses in the state;   (2) establish a system of licensing, regulation, and enforcement to enable a BIDCO to satisfy the eligibility requirements for participating in programs that further the purposes of the BIDCO;   (3) encourage capital sources to invest in and lend money to BIDCOs by providing for BIDCOs a system of licensing, regulation, and enforcement designed to prevent fraud, conflict of interest, and mismanagement and to promote competent management, accurate recordkeeping, and appropriate communication with shareholders; and   (4) safeguard the general reputation of BIDCOs in order to increase the confidence of prospective equity investors in and prospective debt sources for BIDCOs.   History: En. Sec. 3, Ch. 411, L. 2007.
MT Code § 32-11-104 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 1. General Procedures -- Definitions -- Purposes|32-11-104. Meetings of directors and shareholders called by department

  32-11-104. Meetings of directors and shareholders called by department. (1) If the department considers it expedient, the department may call a meeting of the board of directors or of the shareholders of a licensee.   (2) The department shall send notification of the time, place, and purpose of the meeting not less than 5 days before the meeting to each director for a directors' meeting or to each shareholder for a shareholders' meeting, either by personal service or by certified mail sent to the person's last-known address as shown in the records of the department.   (3) The licensee shall pay the notice and meeting expenses for a meeting of directors or shareholders called under this section.   History: En. Sec. 48, Ch. 411, L. 2007.
MT Code § 32-11-105 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 1. General Procedures -- Definitions -- Purposes|32-11-105. Administration -- rules -- orders -- declaratory rulings -- judicial review

  32-11-105. Administration -- rules -- orders -- declaratory rulings -- judicial review. (1) The department shall administer this chapter. The department may issue orders and may adopt rules that, in the opinion of the department, are necessary to execute, enforce, and achieve the purposes of this chapter.   (2) When the department issues an order or license under this chapter, the department may impose conditions that the department determines are necessary to carry out the purposes of this chapter.   (3) The department may provide to an interested person a declaratory ruling on a provision of this chapter.   (4) A final order, decision, license, or other official act of the department under this chapter is subject to judicial review by a district court.   History: En. Sec. 4, Ch. 411, L. 2007.
MT Code § 32-11-106 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 1. General Procedures -- Definitions -- Purposes|32-11-106. Authority of department

  32-11-106. Authority of department. The provisions of this chapter relating to conflicts of interest do not limit the authority of the department to determine that an act involves a conflict of interest and is therefore an unsafe or unsound act.   History: En. Sec. 55, Ch. 411, L. 2007.
MT Code § 32-11-107 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 1. General Procedures -- Definitions -- Purposes|32-11-107. Confidentiality

  32-11-107. Confidentiality. (1) The director and other employees of the department may not disclose information acquired by them in the discharge of their duties under this chapter except to the extent that disclosure of the information is required by law, other than the public records provisions of 2-6-1003, or is required by court order.   (2) Notwithstanding subsection (1), the department may disclose information that is confidential under subsection (1) if the department determines that disclosure of the information is necessary to promote the public interest. This subsection does not authorize the disclosure of information acquired by the department in the course of an examination of a licensee.   (3) A BIDCO may provide to a current or prospective creditor or shareholder of the BIDCO a copy of an examination report on the BIDCO made by the department under this chapter.   History: En. Sec. 56, Ch. 411, L. 2007; amd. Sec. 51, Ch. 348, L. 2015.
MT Code § 32-11-108 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 1. General Procedures -- Definitions -- Purposes|32-11-108. Application of law under which licensee incorporated

  32-11-108. Application of law under which licensee incorporated. Except as otherwise provided in this section, the provisions of the law under which a licensee is incorporated apply to the licensee. If a provision of the licensee's incorporating law conflicts with a provision of this chapter, this chapter controls.   History: En. Sec. 52, Ch. 411, L. 2007.
MT Code § 32-11-201 (2021)
2021 Montana Code Annotated|Title 32. Financial Institutions|Chapter 11. Business and Industrial Development Corporations|Part 2. Licensure Procedures -- Board of Directors|32-11-201. Application procedure

  32-11-201. Application procedure. When applying for a license, an applicant shall provide the information required by the department in the form required by the department. The information must include:   (1) information on the directors, officers, and controlling persons of the applicant;   (2) the applicant's business plan, including at least 10 years of detailed financial projections, and other relevant information; and   (3) any additional information considered relevant by the department.   History: En. Sec. 5, Ch. 411, L. 2007.