Division of Banking & Financial Institutions
About the Division
- Contact Information
- Mission
- Goals and Objectives
- Press Releases and Newsletters
- Employment Opportunities
Industry Information
- Banks and Trust Companies
- Credit Unions
- Mortgage Brokers, Mortgage Lenders and Mortgage Loan Originators
- Mortgage Loan Servicers
- Consumer Loan Companies
- Sales Finance Companies ("Retail Installment Sales Contracts")
- Deferred Deposit Lenders ("Payday Lenders")
- Title Lenders
- Escrow Businesses
- Business and Industrial Development Corporations (BIDCO)
- Montana Foreign Capital Depositories
Legislation
- MONTANA MORTGAGE ACT as amended in HB 90 Effective October 1, 2011
- Recent Legislation (2011 Regular Session)
- Past Legislation (2009 Regular Session)
Complaint Information
Consumer Information
Mortgage Licensee Alert
- The Montana Division of Banking and Financial Institutions is adopting the National SAFE MLO Test Component with uniform state content effective July 1, 2013. Montana is the 30th state agency that will no longer require a second state-specific test component to be taken by mortgage loan originators (MLOs) seeking licensure with their state agencies. See Uniform State Test Implementation Information
Consumer Alerts
- Merchant Surcharging – Understanding Payment Card Changes -- Prior to January 27, 2013 VISA/MasterCard rules prohibited merchants from adding a surcharge to a consumer’s purchase or transaction to cover costs incurred by the merchant when a consumer uses a credit card to make a purchase. Due to a settlement between merchants, Visa and MasterCard, a surcharge is now permitted. For more information
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Jamaican Lottery Scam targeting seniors. Click link for more information. http://www.cbsnews.com/8301-505263_162-57573750/inside-the-jamaican-lottery-scam-how-u.s-seniors-become-targets/
- New Variation on Telephone Collection Scam Related to Delinquent Payday Loans - 02/21/2012 IC3 Consumer Alert
- Who's Calling? That Debt Collector Could Be a Fake - 02/2012 FTC Consumer Alert
- Court Halts Alleged Fake Debt Collector Calls - 02/21/2012 FTC Press Release
- OCC Releases Public Service Ads About the Independent Foreclosure Review - 01/04/2012 OCC Consumer Alert
- Montana Attorney General's Office Warns of New "Smishing" Scams - 10/27/2011 MT AG Consumer Alert - Video available on KLUR8-Billings website
- Idaho Department of Finance Warns of Mortgage Modification Scams Targeting Spanish Speaking Idahoans - 08/30/2011 Idaho Consumer Alert
- Protect Yourself - Investigate Your Mortgage Broker by Morgan Brennan of Forbes
Consumer Alerts, Press Releases & News
Anti-Money Laundering and Suspicious Activity Reports
Tuesday, September 18, 2012 4:10:14 PMThis is a compliance reminder pertaining to the Financial Crimes Enforcement Network (FinCEN) final rule that requires non-bank residential mortgage lenders and mortgage originators to establish anti-money laundering (AML) policies and to file suspicious
Mortgage Servicer Licensing Required October 1st 2011
Thursday, September 22, 2011 1:39:53 PMMortgage Servicer Licensing Required October 1, 2011
Montana Division of Banking and Financial Institutions Receives Reaccreditation
Thursday, December 16, 2010 1:37:53 PMThe Conference of State Bank Supervisors (CSBS) this week announced that the Montana Division of Banking and Financial Institutions has received its second consecutive accreditation.
Consumer Alert from State Banking Division on Unlicensed Internet Lenders
Thursday, December 16, 2010 1:35:42 PMPress Release concerning unlicensed Internet lenders.
Banking Division Announces Participation in Nationwide Mortgage Licensing System
Tuesday, September 29, 2009 2:40:01 PMAnnie Goodwin, Commissioner of Banking and Financial Institutions, today announced that, starting January 4, 2010, the Montana Division of Banking and Financial Institutions will begin participation in the Nationwide Mortgage Licensing System.
