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| Rule: 8.97.1309 | Prev Up Next | |
| Rule Title: AUTHORIZED APPLICANTS | ||
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| Department: | COMMERCE, DEPARTMENT OF | |
| Chapter: | BOARD OF INVESTMENTS | |
| Subchapter: | General Requirements for All Investments in Mortgages and Loans | |
| Latest version of the adopted rule presented in Administrative Rules of Montana (ARM): | ||
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8.97.1309 AUTHORIZED APPLICANTS (1) Except for infrastructure loans, the board is precluded from lending
directly to borrowers by 17-6-201(3) (d) , MCA.
Financial institutions are authorized to apply for federally guaranteed,
participation and linked deposit loans.
Borrowers, including non-profit corporations, may only access these
loans through a financial institution.
Local governments may apply directly for infrastructure loans. History: Sec. 17-6-324, 17-6-308, MCA; IMP, Sec. 17-6-308, 17-6-313, MCA; NEW, 2000 MAR p. 1043, Eff. 2/11/00. |
| MAR Notices | Effective From | Effective To | History Notes |
|---|---|---|---|
| 2/11/2000 | Current | History: Sec. 17-6-324, 17-6-308, MCA; IMP, Sec. 17-6-308, 17-6-313, MCA; NEW, 2000 MAR p. 1043, Eff. 2/11/00. |
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