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

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2.59.139    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 bank's lending limit.


History: 32-1-211, 32-1-432, MCA; IMP, 32-1-211, 32-1-432, MCA; NEW, 2020 MAR p. 1698, Eff. 9/12/20.


 

 
MAR Notices Effective From Effective To History Notes
2-59-596 9/12/2020 Current History: 32-1-211, 32-1-432, MCA; IMP, 32-1-211, 32-1-432, MCA; NEW, 2020 MAR p. 1698, Eff. 9/12/20.
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