32-2-704. Department rulemaking. (1) The department may promulgate reasonable rules and orders concerning bookkeeping and accounting by state mutual associations, including the keeping of reasonable credit information, information in connection with assets, or information in connection with charged-off items.
(2) The department may adopt uniform rules to govern the examination and reports of mutual associations and prescribe the form in which mutual associations report their assets, liabilities, and reserves.
(3) The department may promulgate reasonable rules concerning applications for and determinations on applications for the formation, relocation, closure, and sale of branch mutual associations.
(4) The department may adopt rules, issue orders and declaratory statements, disseminate information, and exercise its discretion to effectuate the purposes, policies, and provisions of this chapter.
History: En. Sec. 9, Ch. 431, L. 2021.
Structure Montana Code Annotated
Title 32. Financial Institutions
Chapter 2. Mutual Savings and Loan Associations
Part 7. Department Responsibility
32-2-701. Examination and supervision by department -- duties -- rulemaking
32-2-702. Payments by mutual associations
32-2-703. Examination -- request of directors
32-2-704. Department rulemaking
32-2-705. Reliance on order -- limit on liability
32-2-706. Reports to department
32-2-707. Special reports to department
32-2-708. and 32-2-709 reserved