31-1-223. Department authorized to participate in nationwide licensing system for purposes of licensing sales finance companies -- rulemaking. (1) The department is authorized to participate in a nationwide licensing system for licensing purposes under this part and may require sales finance companies to apply for licensure in the manner and form that the department may direct.
(2) The department may establish requirements through rulemaking as necessary to comply with the protocols and procedures of a nationwide licensing system pertaining to fees, renewal dates, amending or surrendering a license, and any other activity necessary for participation in the nationwide licensing system.
(3) The department's portion of the licensing fees collected under this part must be deposited into the department's account in the state special revenue fund to be used for administering this part.
History: En. Sec. 12, Ch. 63, L. 2013.
Structure Montana Code Annotated
Title 31. Credit Transactions and Relationships
Chapter 1. Credit Transactions
Part 2. Retail Installment Sales
31-1-202. Definitions -- scope
31-1-203. Notice and opportunity for hearing -- service -- penalties -- exception
31-1-205. through 31-1-210 reserved
31-1-211. Powers of department
31-1-212. Investigations and complaints
31-1-213. through 31-1-220 reserved
31-1-221. Licensing of sales finance companies required
31-1-224. through 31-1-230 reserved
31-1-231. Requirements of retail installment contracts
31-1-232. Buyer's right of rescission
31-1-234. Transfer of equity -- fee
31-1-236. Notice and receipt of payment
31-1-237. through 31-1-240 reserved
31-1-241. Finance charge limitation