LegalFix
Sign In

31-1-223. Department authorized to participate in nationwide licensing system for purposes of licensing sales finance companies -- rulemaking

MT Code § 31-1-223 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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.

(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.

History: En. Sec. 12, Ch. 63, L. 2013.

Previous Section
31-1-222. Denial of licenses
Next Section
31-1-224. through 31-1-230 reserved