Montana Code 32-1-222. Loan production office — rulemaking authority
Current as of: 2023 | Check for updates
|
Other versions
32-1-222. Loan production office — rulemaking authority. (1) A bank may:
Terms Used In Montana Code 32-1-222
- bank: as used in this chapter means any corporation that has been incorporated to conduct the business of receiving money on deposit or transacting a trust or investment business, as defined in this chapter. See Montana Code 32-1-102
- Department: means the department of administration provided for in Title 2, chapter 15, part 10. See Montana Code 32-1-109
- Loan production office: means a staffed facility, other than a branch, that provides lending-related services to the public, including loan information and applications. See Montana Code 32-1-109
(a)establish and maintain a loan production office only after approval by the department; or
(b)relocate or close a loan production office after giving notice to its customers and the department.
(2)The department may adopt rules to implement this section.