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MT HB137

Bill

Official Source

Status

Passed

5/12/2025

Primary Sponsor

Steve Fitzpatrick

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Eliminates the fee distinction between in-state and out-of-state salespersons and investment adviser representatives, establishing a uniform $100 fee for original registration, annual renewal, and transfers
  • Removes the previous $50 fee rate that applied only to in-state salespersons and investment adviser representatives
  • Salespersons or investment adviser representatives who paid fees prior to the effective date are not required to pay additional fees for registrations, renewals, or transfers that occurred before that date
  • Applies retroactively to registration fees paid on or after May 9, 2019
  • Effective immediately upon passage and approval

Legislative Description

Revise securities laws relating to fees paid by certain licensees

Revenue, State

Last Action

Chapter Number Assigned

5/16/2025

Committee Referrals

Business, Labor and Economic Affairs2/17/2025
Business & Labor1/8/2025

Full Bill Text

No bill text available