# Mont. Code Ann. § 32-9-101: 32-9-101 Short title and purpose

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-101

## Section

- **Citation:** Mont. Code Ann. § 32-9-101
- **Heading:** 32-9-101 Short title and purpose
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 32 / Chapter 9 / Part 1 / Section 32-9-101

## Text

32-9-101 . Short title and purpose. (1) This part may be cited as the "Montana Mortgage Act".

(2) The legislature recognizes that buying or financing a home is one of the largest, most complicated, and vitally important decisions facing consumers in Montana. Therefore, the legislature finds it desirable to license certain persons in the residential mortgage industry that are outside of the traditional banking industry and that have a direct involvement in consumers' financial welfare, including mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators, to promote honesty, education, and professionalism, to ensure the availability and diversity of residential mortgage funding, and to protect Montana consumers and the stability of Montana's economy.

(3) The legislature finds that it is necessary to implement the federal Secure and Fair Enforcement for Mortgage Licensing Act of 2008 and, together with the residential mortgage industry, recognizes the importance of statewide participation in the NMLS. (See part compiler's comment regarding contingent suspension.)

## Nearby sections

- [Mont. Code Ann. § 32-9-101 32-9-101 Short title and purpose](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-101.md)
- [Mont. Code Ann. § 32-9-102 32-9-102 License requirement -- registration](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-102.md)
- [Mont. Code Ann. § 32-9-103 32-9-103 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-103.md)
- [Mont. Code Ann. § 32-9-104 32-9-104 Exemptions -- proof of exemption](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-104.md)
- [Mont. Code Ann. § 32-9-105 32-9-105 Nationwide mortgage licensing system for mortgage brokers, mortgage lenders, mortgage servicers, and mortgage loan originators](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-105.md)
- [Mont. Code Ann. § 32-9-106 32-9-106 Simultaneous licensure](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-106.md)
- [Mont. Code Ann. § 32-9-107 32-9-107 Prelicensing education requirements for mortgage loan originators](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-107.md)
- [Mont. Code Ann. § 32-9-109 32-9-109 Experience requirements](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-109.md)
- [Mont. Code Ann. § 32-9-110 32-9-110 Examination requirements for mortgage loan originators](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-110.md)
- [Mont. Code Ann. § 32-9-112 32-9-112 Application for mortgage broker, mortgage lender, mortgage servicer, and mortgage loan originator license -- renewals](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-112.md)
- [Mont. Code Ann. § 32-9-113 32-9-113 Control persons -- application for license -- renewal](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-113.md)
- [Mont. Code Ann. § 32-9-116 32-9-116 Employment of mortgage loan originator](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-116.md)
- [Mont. Code Ann. § 32-9-117 32-9-117 Fees -- disposition of fees -- rulemaking](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-117.md)
- [Mont. Code Ann. § 32-9-118 32-9-118 Continuing education requirements for mortgage loan originators](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-118.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P1_S32-9-101. Check the current official text before relying on it. Not legal advice.