Senate Bill No. [insert bill number] seeks to revise Montana's banking laws by placing the Division of Banking and Financial Institutions under the supervision of the Montana State Auditor. Key amendments include the insertion of language that clarifies the state auditor's regulatory role over securities, insurance, and banking institutions, while deleting outdated references to the Department of Administration. The bill also updates the definition of "department" to refer to the commissioner of securities, insurance, and banking and financial institutions, Montana state auditor, thereby streamlining the regulatory framework for financial institutions in Montana. Additionally, the bill amends various sections of the Montana Code Annotated (MCA) to enhance the governance and operational procedures of credit unions and mortgage-related activities. It removes references to the "department of administration," replacing them with "department," and clarifies definitions related to credit unions and mortgage lending. The bill introduces new provisions regarding penalties for false statements by credit union officials and establishes guidelines for the supervision of mortgage-related entities. Overall, these amendments aim to modernize the regulatory landscape, ensuring compliance with sound banking principles and enhancing consumer protection in Montana's financial sectors.

Statutes affected:
LC Text: 2-15-601, 2-15-602, 5-5-223, 5-5-228, 17-5-1651, 31-1-202, 31-1-703, 31-3-125, 31-3-152, 32-1-109, 32-1-211, 32-1-901, 32-1-902, 32-1-903, 32-1-904, 32-1-905, 32-1-906, 32-1-907, 32-1-908, 32-1-909, 32-1-910, 32-1-911, 32-1-912, 32-1-921, 32-2-603, 32-3-102, 32-3-104, 32-3-201, 32-3-202, 32-3-203, 32-3-204, 32-3-205, 32-3-206, 32-3-207, 32-3-212, 32-3-215, 32-3-216, 32-3-301, 32-3-302, 32-3-303, 32-3-307, 32-3-321, 32-3-322, 32-3-323, 32-3-401, 32-3-403, 32-3-417, 32-3-422, 32-3-609, 32-3-611, 32-3-702, 32-3-703, 32-3-705, 32-3-1003, 32-3-1004, 32-3-1005, 32-3-1008, 32-3-1009, 32-3-1013, 32-4-306, 32-5-102, 32-6-103, 32-7-101, 32-7-102, 32-9-103, 32-9-201
SB0377_1(1): 2-15-601, 2-15-602, 5-5-223, 5-5-228, 17-5-1651, 31-1-202, 31-1-703, 31-3-125, 31-3-152, 32-1-109, 32-1-211, 32-1-901, 32-1-902, 32-1-903, 32-1-904, 32-1-905, 32-1-906, 32-1-907, 32-1-908, 32-1-909, 32-1-910, 32-1-911, 32-1-912, 32-1-921, 32-2-603, 32-3-102, 32-3-104, 32-3-201, 32-3-202, 32-3-203, 32-3-204, 32-3-205, 32-3-206, 32-3-207, 32-3-212, 32-3-215, 32-3-216, 32-3-301, 32-3-302, 32-3-303, 32-3-307, 32-3-321, 32-3-322, 32-3-323, 32-3-401, 32-3-403, 32-3-417, 32-3-422, 32-3-609, 32-3-611, 32-3-702, 32-3-703, 32-3-705, 32-3-1003, 32-3-1004, 32-3-1005, 32-3-1008, 32-3-1009, 32-3-1013, 32-4-306, 32-5-102, 32-6-103, 32-7-101, 32-7-102, 32-9-103, 32-9-201
SB0377_1(2): 2-15-601, 2-15-602, 5-5-223, 5-5-228, 17-5-1651, 31-1-202, 31-1-703, 31-3-125, 31-3-152, 32-1-109, 32-1-211, 32-1-901, 32-1-902, 32-1-903, 32-1-904, 32-1-905, 32-1-906, 32-1-907, 32-1-908, 32-1-909, 32-1-910, 32-1-911, 32-1-912, 32-1-921, 32-2-603, 32-3-102, 32-3-104, 32-3-201, 32-3-202, 32-3-203, 32-3-204, 32-3-205, 32-3-206, 32-3-207, 32-3-212, 32-3-215, 32-3-216, 32-3-301, 32-3-302, 32-3-303, 32-3-307, 32-3-321, 32-3-322, 32-3-323, 32-3-401, 32-3-403, 32-3-417, 32-3-422, 32-3-609, 32-3-611, 32-3-702, 32-3-703, 32-3-705, 32-3-1003, 32-3-1004, 32-3-1005, 32-3-1008, 32-3-1009, 32-3-1013, 32-4-306, 32-5-102, 32-6-103, 32-7-101, 32-7-102, 32-9-103, 32-9-201
SB0377_1(3): 2-15-601, 2-15-602, 5-5-223, 5-5-228, 17-5-1651, 31-1-202, 31-1-703, 31-3-125, 31-3-152, 32-1-109, 32-1-211, 32-1-901, 32-1-902, 32-1-903, 32-1-904, 32-1-905, 32-1-906, 32-1-907, 32-1-908, 32-1-909, 32-1-910, 32-1-911, 32-1-912, 32-1-921, 32-2-603, 32-3-102, 32-3-104, 32-3-201, 32-3-202, 32-3-203, 32-3-204, 32-3-205, 32-3-206, 32-3-207, 32-3-212, 32-3-215, 32-3-216, 32-3-301, 32-3-302, 32-3-303, 32-3-307, 32-3-321, 32-3-322, 32-3-323, 32-3-401, 32-3-403, 32-3-417, 32-3-422, 32-3-609, 32-3-611, 32-3-702, 32-3-703, 32-3-705, 32-3-1003, 32-3-1004, 32-3-1005, 32-3-1008, 32-3-1009, 32-3-1013, 32-4-306, 32-5-102, 32-6-103, 32-7-101, 32-7-102, 32-9-103, 32-9-201
SB0377_1(4): 2-15-601, 2-15-602, 5-5-223, 5-5-228, 17-5-1651, 31-1-202, 31-1-703, 31-3-125, 31-3-152, 32-1-109, 32-1-211, 32-1-901, 32-1-902, 32-1-903, 32-1-904, 32-1-905, 32-1-906, 32-1-907, 32-1-908, 32-1-909, 32-1-910, 32-1-911, 32-1-912, 32-1-921, 32-2-603, 32-3-102, 32-3-104, 32-3-201, 32-3-202, 32-3-203, 32-3-204, 32-3-205, 32-3-206, 32-3-207, 32-3-212, 32-3-215, 32-3-216, 32-3-301, 32-3-302, 32-3-303, 32-3-307, 32-3-321, 32-3-322, 32-3-323, 32-3-401, 32-3-403, 32-3-417, 32-3-422, 32-3-609, 32-3-611, 32-3-702, 32-3-703, 32-3-705, 32-3-1003, 32-3-1004, 32-3-1005, 32-3-1008, 32-3-1009, 32-3-1013, 32-4-306, 32-5-102, 32-6-103, 32-7-101, 32-7-102, 32-9-103, 32-9-201
SB0377_1: 2-15-601, 2-15-602, 5-5-223, 5-5-228, 17-5-1651, 31-1-202, 31-1-703, 31-3-125, 31-3-152, 32-1-109, 32-1-211, 32-1-901, 32-1-902, 32-1-903, 32-1-904, 32-1-905, 32-1-906, 32-1-907, 32-1-908, 32-1-909, 32-1-910, 32-1-911, 32-1-912, 32-1-921, 32-2-603, 32-3-102, 32-3-104, 32-3-201, 32-3-202, 32-3-203, 32-3-204, 32-3-205, 32-3-206, 32-3-207, 32-3-212, 32-3-215, 32-3-216, 32-3-301, 32-3-302, 32-3-303, 32-3-307, 32-3-321, 32-3-322, 32-3-323, 32-3-401, 32-3-403, 32-3-417, 32-3-422, 32-3-609, 32-3-611, 32-3-702, 32-3-703, 32-3-705, 32-3-1003, 32-3-1004, 32-3-1005, 32-3-1008, 32-3-1009, 32-3-1013, 32-4-306, 32-5-102, 32-6-103, 32-7-101, 32-7-102, 32-9-103, 32-9-201