Montana § 32-9-118 - Continuing Education Requirements For Mortgage Loan Originators
Full text of Montana Montana Code Annotated § 32-9-118 — Continuing Education Requirements For Mortgage Loan Originators, with citation guidance and answers to common questions.
§ 32-9-118. Continuing Education Requirements For Mortgage Loan Originators
Continuing education requirements for mortgage loan originators. (1) All mortgage loan originators shall complete and submit to the NMLS evidence of at least 8 hours of continuing education every year at the time they submit their license renewal applications. The 8 hours of continuing education must be obtained in approved education courses. (2) The 8 hours of education must include at least: (a) 3 hours of training on federal laws and regulations; (b) 2 hours of training in ethics, including instruction on fraud prevention, consumer protection, and fair lending issues; and (c) 2 hours of training related to lending standards for the nontraditional mortgage product marketplace. (3) A person who has successfully completed the education requirements that comply with the requirements of subsections (1) and (2) and that are approved by the NMLS for any other state must be given credit toward completion of continuing education requirements in Montana. (4) Except as provided in subsection (6), a licensed mortgage loan originator may receive credit for a continuing education course only in the year in which the course is taken and may not take the same approved course in the same or successive years to meet the annual requirements for continuing education. (5) A licensed mortgage loan originator who is an approved instructor of an approved continuing education course may receive credit for the licensed mortgage loan originator's own annual continuing education requirement at the rate of 2 hours credit for every 1 hour taught. (6) A licensed mortgage loan originator who subsequently becomes unlicensed shall complete the continuing education requirements for the last year in which the license was held prior to issuance of a new or renewed license. The continuing education requirements of this subsection are not subject to the provision of subsection (4) that credit may be given only in the year a course is taken. (See part compiler's comment regarding contingent suspension.)
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-9-118
What does Montana Code Annotated § 32-9-118 cover?
Section 32-9-118 ("Continuing Education Requirements For Mortgage Loan Originators") 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 § 32-9-118?
A common citation format is "Montana Code Annotated § 32-9-118" (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 § 32-9-118 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.