Montana passed a bill revising the Montana Mortgage Act (MMA). The bill revised the MMA to allow remote work for a mortgage business, clarify reporting requirements regarding cybersecurity incidents, repealed and reenacted net worth standards for mortgage servicers, and amended the definition of mortgage servicer. The bill went into effect July 1, 2023.
Click to view the Montana House Bill 30: https://www.tenaco.com/wp-content/uploads/2023/07/MT-HB-30-07-01-23.pdf
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