Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.59 - BANKING AND FINANCIAL INSTITUTIONS
Subchapter 2.59.15 - Deferred Deposit Lending
Rule 2.59.1513 - INCOME VERIFICATION
Universal Citation: MT Admin Rules 2.59.1513
Current through Register Vol. 18, September 20, 2024
(1) Licensees shall verify a borrower's income prior to issuing any deferred deposit loan.
(2) Verification of income shall be in a form of most recent pay stubs for employment, or other official documents for public assistance, child support, alimony, unemployment insurance, and workers' compensation.
31-1-702, MCA; IMP, 31-1-723, MCA;
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