Administrative Rules of Montana
Department 8 - COMMERCE
Chapter 8.99 - MONTANA OFFICE OF TOURISM AND BUSINESS DEVELOPMENT DIVISION
Subchapter 8.99.5 - Microbusiness Finance Program
Rule 8.99.503 - DEVELOPMENT LOAN - INTEREST
Universal Citation: MT Admin Rules 8.99.503
Current through Register Vol. 18, September 20, 2024
(1) The development loan interest rates will be set by the department annually based on a forecast of administrative expenses and income for the program.
(2) The interest rate for each development loan will be established at the time the promissory note is signed and may be adjusted annually, provided that the rate does not exceed the maximum rate specified in the development loan agreement.
Sec. 17-6-406, MCA; IMP, Sec. 17-6-406, MCA;
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