Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.59 - BANKING AND FINANCIAL INSTITUTIONS
Subchapter 2.59.15 - Deferred Deposit Lending
Rule 2.59.1505 - EXAMINATION OF DEFERRED DEPOSIT LENDERS
Universal Citation: MT Admin Rules 2.59.1505
Current through Register Vol. 18, September 20, 2024
(1) An examination of a licensee's lending operations conducted by the department to verify compliance with Title 31, chapter 1, part 7, MCA, and these rules, must consist of a comprehensive review of the records, operations, and affairs of the licensee. The review must include inquiry into:
(a) accounting and financial
records;
(b) records of the
borrowers' files including:
(i) evidence of
required disclosures; and
(ii) use
of a department-approved loan agreement form; and
(c) assurance of continued capital adequacy
and bonding.
31-1-702, MCA; IMP, 31-1-711, MCA;
Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
