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Rule Title: LEGAL LENDING LIMIT
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Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Mutual Savings and Loan Associations
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.2062    LEGAL LENDING LIMIT

(1) If no direct benefit is received or no common enterprise exists, the combined loans or extensions of credit to a commonly owned or controlled group of borrowers shall not exceed three times the mutual association's lending limit.


History: 32-2-925, MCA; IMP, 32-2-925, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22.


 

 
MAR Notices Effective From Effective To History Notes
2-59-615 2/12/2022 Current History: 32-2-925, MCA; IMP, 32-2-925, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22.
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