House Bill No. introduced by S. Fitzpatrick aims to revise the securities registration fees in Montana by eliminating the distinction between in-state and out-of-state salespersons or investment adviser representatives. The bill amends Section 30-10-209 of the Montana Code Annotated (MCA) to standardize the registration fees for all salespersons and investment adviser representatives, setting the fee at $100 for original registration, annual renewal, and transfers, regardless of their state of origin. Additionally, the bill includes provisions that state a salesperson or investment adviser representative who has already paid the required fees prior to the effective date of the act will not need to pay any new or additional fees for registrations, renewals, or transfers that occurred before the act's effective date.

The bill also introduces an immediate effective date and a retroactive applicability date for registration fees paid on or after May 9, 2019. This means that the changes to the fee structure will not only take effect upon passage but will also apply retroactively to previously paid fees, ensuring that individuals who registered during that time are not penalized by the new fee structure. The overall goal of the bill is to simplify the registration process and create a more equitable fee system for all investment professionals operating in Montana.

Statutes affected:
LC Text: 30-10-209
HB0137_1(1): 30-10-209
HB0137_1(2): 30-10-209
HB0137_1(3): 30-10-209
HB0137_1(4): 30-10-209
HB0137_1(5): 30-10-209
HB0137_1(6): 30-10-209
HB0137_1(7): 30-10-209
HB0137_1(8): 30-10-209
HB0137_1: 30-10-209
HB0137_2(1): 30-10-209
HB0137_2(10): 30-10-209
HB0137_2(11): 30-10-209
HB0137_2(12): 30-10-209
HB0137_2(13): 30-10-209
HB0137_2(14): 30-10-209
HB0137_2(15): 30-10-209
HB0137_2(16): 30-10-209
HB0137_2(2): 30-10-209
HB0137_2(3): 30-10-209
HB0137_2(4): 30-10-209
HB0137_2(5): 30-10-209
HB0137_2(6): 30-10-209
HB0137_2(7): 30-10-209
HB0137_2(8): 30-10-209
HB0137_2(9): 30-10-209
HB0137_2: 30-10-209
HB0137_3(1): 30-10-209
HB0137_3(2): 30-10-209
HB0137_3(3): 30-10-209
HB0137_3(4): 30-10-209
HB0137_3(5): 30-10-209
HB0137_3(6): 30-10-209
HB0137_3(7): 30-10-209
HB0137_3(8): 30-10-209
HB0137_3: 30-10-209