Montana Code 31-1-223. Department authorized to participate in nationwide licensing system for purposes of licensing sales finance companies — rulemaking
31-1-223. Department authorized to participate in nationwide licensing system for purposes of licensing sales finance companies — rulemaking. (1) The department is authorized to participate in a nationwide licensing system for licensing purposes under this part and may require sales finance companies to apply for licensure in the manner and form that the department may direct.
Terms Used In Montana Code 31-1-223
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)The department may establish requirements through rulemaking as necessary to comply with the protocols and procedures of a nationwide licensing system pertaining to fees, renewal dates, amending or surrendering a license, and any other activity necessary for participation in the nationwide licensing system.
(3)The department’s portion of the licensing fees collected under this part must be deposited into the department’s account in the state special revenue fund to be used for administering this part.