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| Rule: 4.3.502 | Prev Up Next | |
| Rule Title: OPERATING REQUIREMENTS | ||
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| Department: | AGRICULTURE, DEPARTMENT OF | |
| Chapter: | AGRICULTURAL DEVELOPMENT DIVISION | |
| Subchapter: | Participation Loan Rules | |
| Latest version of the adopted rule presented in Administrative Rules of Montana (ARM): | ||
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4.3.502 OPERATING REQUIREMENTS (1) Participation of operating loans shall give the department of agriculture a first lien position on all collateral listed on the subordination agreement. (a) Operating loans will be for a one year maximum time frame. (b) Operating loans may be made for 60% of the value of the mortgaged property. (c) Insurance may be required on subordinated property at the discretion of the department of agriculture. History: 80-2-106, MCA; IMP, 80-2-104, MCA; NEW, 1977 MAR p. 942, Eff. 11/26/77; AMD, 1978 MAR p. 152, Eff. 4/25/78. |
| MAR Notices | Effective From | Effective To | History Notes |
|---|---|---|---|
| 4/25/1978 | Current | History: 80-2-106, MCA; IMP, 80-2-104, MCA; NEW, 1977 MAR p. 942, Eff. 11/26/77; AMD, 1978 MAR p. 152, Eff. 4/25/78. |
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