# Mont. Code Ann. § 32-9-202: 32-9-202 Applicability -- exclusions

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-202

## Section

- **Citation:** Mont. Code Ann. § 32-9-202
- **Heading:** 32-9-202 Applicability -- exclusions
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 32 / Chapter 9 / Part 2 / Section 32-9-202

## Text

32-9-202 . Applicability -- exclusions. (1) This part is applicable to covered institutions. For entities within a holding company or affiliated group of companies, applicability is at the covered institution level.

(2) The following exclusions apply:

(a) This part does not apply to not-for-profit servicers or housing finance agencies.

(b) Section 32-9-206 does not apply to servicers solely owning or conducting reverse mortgage servicing, or the reverse mortgage portfolio administered by covered institutions or the whole loan portion of portfolios.

(c) A servicer with 25 or fewer loans, a servicer that is wholly owned and controlled by one or more depository institutions regulated by a state or federal banking agency, or a servicer that is also licensed as an escrow business may apply to the department to waive or adjust one or more of the financial condition requirements in 32-9-206 . In considering such a request, the department shall consider whether the servicer has a positive net worth and adequate operating reserves.

## Nearby sections

- [Mont. Code Ann. § 32-9-201 32-9-201 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-201.md)
- [Mont. Code Ann. § 32-9-202 32-9-202 Applicability -- exclusions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-202.md)
- [Mont. Code Ann. § 32-9-206 32-9-206 Financial condition of servicers](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-206.md)
- [Mont. Code Ann. § 32-9-207 32-9-207 Corporate governance of servicers](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-207.md)
- [Mont. Code Ann. § 32-9-208 32-9-208 Authority of department regarding servicers](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-208.md)
- [Mont. Code Ann. § 32-9-209 32-9-209 Rulemaking](https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-209.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T32_C9_P2_S32-9-202. Check the current official text before relying on it. Not legal advice.