METHOD OF PAYMENT OF FEES

(1) Except as provided in ARM 2.59.2043 (1)(c)(ii), a mutual association may offer a customer the option of paying the fee for a debt cancellation contract or a debt suspension agreement in a single payment, provided the mutual association also offers the customer a bona fide option of paying the fee for that contract in periodic installment payments. (2) If a mutual association offers the customer the option to finance the single payment by adding it to the loan principal, the mutual association must also disclose, in accordance with ARM 2.59.2044 , whether the customer may cancel the agreement and receive a refund, and, if so, the time period during which the customer may do so. Authorizing statute(s): 32-2-704 , MCA Implementing statute(s): 32-2-909 , MCA History: NEW, 2022 MAR p. 230, Eff. 2/12/22.