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 8.99.506 - DEVELOPMENT LOAN - RENEWAL REQUIREMENTS

Universal Citation: MT Admin Rules 8.99.506

Current through Register Vol. 18, September 20, 2024

(1) The department will notify the MBDC in writing of its intent to renew and/or require repayment of a development loan, at least 90 days prior to the expiration of the development loan agreement.

(2) The department may renew the terms of the development loan up to four years or may require the repayment of the loan in full or in part.

(3) The department will consider the criteria for certification of the MBDC and development loan approval, and the MBDC's record of compliance with the development loan agreement, in determining if a development loan is to be renewed and/or repaid in full or in part.

Sec. 17-6-406, MCA; IMP, Sec. 17-6-406, MCA;

Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.