{"data":{"id":"us-mt/32-9-165","jurisdiction":"us-mt","citation":"32-9-165","heading":"Types of licenses.","body":"(1) The four types of licenses under this part are mortgage broker licenses, mortgage lender licenses, mortgage servicer licenses, and mortgage loan originator licenses.\n(2) A mortgage broker license may be issued to an entity that meets the requirements of 32-9-112, 32-9-113, 32-9-116, 32-9-117, 32-9-122, and 32-9-123 and employs at least one Montana-licensed mortgage loan originator.\n(3) A mortgage lender license may be issued to an entity that meets the requirements of 32-9-112, 32-9-113, 32-9-116, 32-9-117, 32-9-122, and 32-9-123 and employs at least one Montana-licensed mortgage loan originator.\n(4) A mortgage servicer license may be issued to an entity that meets the requirements of 32-9-112, 32-9-113, 32-9-117, and 32-9-123.\n(5) A mortgage loan originator license may be issued to an individual who meets the requirements of 32-9-107, 32-9-109, 32-9-110, 32-9-112, 32-9-116, and 32-9-117 and is sponsored by a Montana-licensed mortgage broker or mortgage lender.\n(6) A de novo inactive license may be issued to a mortgage loan originator that has met all the requirements for licensure except sponsorship.\n(7) A de novo inactive license may be issued to an entity that has met all the requirements for licensure except employment of at least one Montana-licensed mortgage loan originator.\n(8) Business may not be conducted under a de novo inactive license.\n(9) A Montana-licensed entity may have one or more branch offices if the entity meets the requirements of 32-9-122 and has paid the fee required under 32-9-117.\n(10) Licenses under this part may not be assigned or transferred.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 9. RESIDENTIAL MORTGAGE BROKERS, LENDERS, SERVICERS, AND LOAN ORIGINATORS","Part 1. Montana Mortgage Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0090/part_0010/section_0650/0320-0090-0010-0650.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:05Z","sha256":"80ff4bbfb7fec1becda71fd8dc8b466ad830cdc149d59515890be16679f0b332","source_id":"us-mt","stale":false,"prev":"us-mt/32-9-161","next":"us-mt/32-9-166"},"notice":"GroundRules: Original legal text. Not legal advice."}