Montana § 32-7-109 - Application For License -- Bond -- Issuance
Full text of Montana Montana Code Annotated § 32-7-109 — Application For License -- Bond -- Issuance, with citation guidance and answers to common questions.
§ 32-7-109. Application For License -- Bond -- Issuance
Application for license -- bond -- issuance. (1) A person must be licensed pursuant to this part before engaging in an escrow business. (2) An application for a license must be in the form and submitted in the manner prescribed by the department. (3) At the time of submitting an application for a license, the applicant shall file with the department a bond in an amount to be set by the department by rule. The bond must be issued by a surety company holding a certificate of authority from the Montana state auditor. The bond must be conditioned on the applicant conducting the escrow business in accordance with the requirements of law. All bonds must be renewed annually. (4) The department shall grant and issue an escrow business license if: (a) the department has received the bond and application; and (b) the applicant has complied with all the application requirements of this part, including any protocols of a nationwide licensing system in which the department participates, and any rules promulgated under this part. (5) An escrow business shall immediately notify the department of any material change in the information contained in the application.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-7-109
What does Montana Code Annotated § 32-7-109 cover?
Section 32-7-109 ("Application For License -- Bond -- Issuance") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 32-7-109?
A common citation format is "Montana Code Annotated § 32-7-109" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 32-7-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.