Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.59 - BANKING AND FINANCIAL INSTITUTIONS
Subchapter 2.59.7 - Escrow Business
Rule 2.59.712 - REINSTATEMENT OF EXPIRED LICENSES

Universal Citation: MT Admin Rules 2.59.712

Current through Register Vol. 18, September 20, 2024

(1) Upon expiration of a license issued under 32-7-110, MCA, due to nonrenewal by the renewal date, the former licensee shall immediately cease from engaging in the activities for which the license was issued. The department may reinstate an expired license, provided that by the last day of February following expiration of the license, the following are submitted through the NMLS:

(a) a properly completed license renewal application;

(b) the license renewal fee as set forth in 32-7-110, MCA;

(c) a reinstatement fee of $50; and

(d) proof that the licensee continues to meet standards for licensure under 32-7-109, MCA.

(2) An expired license that is not reinstated by the last day of February under (1) is "terminated-expired" and may not be reinstated. The holder of a "terminated-expired" license may reapply as a new license applicant.

AUTH: 32-7-109, 32-7-110, 32-7-112, MCA; IMP: 32-7-109, 32-7-110, 32-7-112, 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.