ARM 2.59.1708

ARM 2.59.1708. TABLE FUNDING REQUIRES LICENSURE

SupersededLast amended: 2004Length: 66 wordsOfficial source

Cite as Mont. Admin. R. 2.59.1708

(1) Any person not exempted from the Montana Mortgage Broker and Loan Originator Licensing Act under 32-9-104 , MCA, who closes a mortgage loan naming themselves as the lender and who, within three days of closing, consummates sale of the mortgage loan note to another party, commonly known as "table funding" as defined in ARM 2.59.1701, must be licensed as a mortgage broker or loan originator.
ARM 2.59.1708: ARM 2.59.1708. TABLE FUNDING REQUIRES LICENSURE | Justis AI