Montana § 32-9-165 - Types Of Licenses
Full text of Montana Montana Code Annotated § 32-9-165 — Types Of Licenses, with citation guidance and answers to common questions.
§ 32-9-165. Types Of Licenses
Types of licenses. (1) The four types of licenses under this part are mortgage broker licenses, mortgage lender licenses, mortgage servicer licenses, and mortgage loan originator licenses. (2) A mortgage broker license may be issued to an entity that meets the requirements of 32-9-112 , 32-9-113 , 32-9-116 , 32-9-117 , 32-9-122 , and 32-9-123 and employs at least one Montana-licensed mortgage loan originator. (3) A mortgage lender license may be issued to an entity that meets the requirements of 32-9-112 , 32-9-113 , 32-9-116 , 32-9-117 , 32-9-122 , and 32-9-123 and employs at least one Montana-licensed mortgage loan originator. (4) A mortgage servicer license may be issued to an entity that meets the requirements of 32-9-112 , 32-9-113 , 32-9-117 , and 32-9-123 . (5) A mortgage loan originator license may be issued to an individual who meets the requirements of 32-9-107 , 32-9-109 , 32-9-110 , 32-9-112 , 32-9-116 , and 32-9-117 and is sponsored by a Montana-licensed mortgage broker or mortgage lender. (6) A de novo inactive license may be issued to a mortgage loan originator that has met all the requirements for licensure except sponsorship. (7) A de novo inactive license may be issued to an entity that has met all the requirements for licensure except employment of at least one Montana-licensed mortgage loan originator. (8) Business may not be conducted under a de novo inactive license. (9) A Montana-licensed entity may have one or more branch offices if the entity meets the requirements of 32-9-122 and has paid the fee required under 32-9-117 . (10) Licenses under this part may not be assigned or transferred.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 32-9-165
What does Montana Code Annotated § 32-9-165 cover?
Section 32-9-165 ("Types Of Licenses") 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 § 32-9-165?
A common citation format is "Montana Code Annotated § 32-9-165" (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 § 32-9-165 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.