Montana Mortgage Licensing | Montana Department of Banking and Financial Institutions
Mortgage Banker | Mortgage Lender License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee: $850 – Company License Fee $250500 - $2550k Surety Bond Fee $29.25 – MT Fingerprinting Fee per Owner/Officer $70 – Foreign CorpEntity Fee $125 – Registered Agent Fee |
Mortgage Broker | Mortgage Broker License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$350 – Company License Fee
$250 - $25k Surety Bond Fee
$29.25 – MT Fingerprinting Fee
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
- Physical In-State Office Required: No longer required as of 8/1/2009
- Qualifying Individual: Yes, the designated manager must be located at the main office of the company, be licensed as a Montana mortgage loan originator, and have three years of experience.
- Minimum Net Worth: $ None
- Surety Bond: $25,000 per location
- Branch Licensing: Yes
- Loan Originator Licensing: Yes
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$350 – Company License Fee
$250 - $25k Surety Bond Fee
$29.25 – MT Fingerprinting Fee
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
Mortgage Servicer | Mortgage Servicer License
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$850 – Company License Fee
$1,000 - $100k Surety Bond Fee
$29.25 – MT Fingerprinting Fee per Owner/Officer
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
- Physical In-State Office Required: No
- Qualifying Individual: No
- Minimum Net Worth: $ None
- Surety Bond: $100,000
- Branch Licensing: Yes
- Loan Originator Licensing: N/A
License Cost Breakdown - Estimated fees not including Regulatory Counsel Group Professional Service Fee:
$850 – Company License Fee
$1,000 - $100k Surety Bond Fee
$29.25 – MT Fingerprinting Fee per Owner/Officer
$70 – Foreign Entity Fee
$125 – Registered Agent Fee
Regulated by:
Montana Department of Banking and Financial Institutions
301 South Park, Suite 316
PO Box 200546
Helena, MT 59601
Telephone: (406) 841-2920
Fax: (406) 841-2930
http://banking.mt.gov/
Montana Department of Banking and Financial Institutions
301 South Park, Suite 316
PO Box 200546
Helena, MT 59601
Telephone: (406) 841-2920
Fax: (406) 841-2930
http://banking.mt.gov/