{"data":{"id":"us-mt/32-9-202","jurisdiction":"us-mt","citation":"32-9-202","heading":"Applicability -- exclusions.","body":"(1) This part is applicable to covered institutions. For entities within a holding company or affiliated group of companies, applicability is at the covered institution level.\n(2) The following exclusions apply:\n(a) This part does not apply to not-for-profit servicers or housing finance agencies.\n(b) Section 32-9-206 does not apply to servicers solely owning or conducting reverse mortgage servicing, or the reverse mortgage portfolio administered by covered institutions or the whole loan portion of portfolios.\n(c) A servicer with 25 or fewer loans, a servicer that is wholly owned and controlled by one or more depository institutions regulated by a state or federal banking agency, or a servicer that is also licensed as an escrow business may apply to the department to waive or adjust one or more of the financial condition requirements in 32-9-206. In considering such a request, the department shall consider whether the servicer has a positive net worth and adequate operating reserves.","path":["TITLE 32. FINANCIAL INSTITUTIONS","CHAPTER 9. RESIDENTIAL MORTGAGE BROKERS, LENDERS, SERVICERS, AND LOAN ORIGINATORS","Part 2. Nonbank Mortgage Servicers"],"source_url":"https://mca.legmt.gov/bills/mca/title_0320/chapter_0090/part_0020/section_0020/0320-0090-0020-0020.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:05Z","sha256":"6781a983627a6b0925b2d48d77a38d8e5113506809a159f3afe81d21246fee88","source_id":"us-mt","stale":false,"prev":"us-mt/32-9-201","next":"us-mt/32-9-203"},"notice":"GroundRules: Original legal text. Not legal advice."}