Administrative Rules of Montana
Department 8 - COMMERCE
Chapter 8.97 - BOARD OF INVESTMENTS
Subchapter 8.97.13 - General Requirements for All Investments in Mortgages and Loans
Rule 8.97.1309 - AUTHORIZED APPLICANTS
Universal Citation: MT Admin Rules 8.97.1309
Current through Register Vol. 18, September 20, 2024
(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.
Sec. 17-6-324, 17-6-308, MCA; IMP, Sec. 17-6-308, 17-6-313, MCA;
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