37-51-502. Initial licensure and additional assessment

MT Code § 37-51-502 (2019) (N/A)
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37-51-502. (Temporary) Initial licensure and additional assessment. (1) A person initially licensed under the provisions of this chapter in 1986 or thereafter shall, in addition to paying any license fee required under this chapter, be assessed the sum of $35 at the time of licensure, to be credited to the real estate recovery account.

(2) If at any time the balance in the real estate recovery account is less than $100,000, every person licensed under this chapter may be assessed a sum, which sum is determined by the board to be sufficient to maintain the balance of the account at a minimum of $100,000. (Repealed effective February 1, 2021--secs. 3, 7, Ch. 354, L. 2019.)

History: En. Sec. 4, Ch. 688, L. 1985.