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Rule Title: AUTHORIZED APPLICANTS
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Department: COMMERCE, DEPARTMENT OF
Chapter: BOARD OF INVESTMENTS
Subchapter: General Requirements for All Investments in Mortgages and Loans
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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8.97.1309    AUTHORIZED APPLICANTS

(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.



History: Sec. 17-6-324, 17-6-308, MCA; IMP, Sec. 17-6-308, 17-6-313, MCA; NEW, 2000 MAR p. 1043, Eff. 2/11/00.


 

 
MAR Notices Effective From Effective To History Notes
2/11/2000 Current History: Sec. 17-6-324, 17-6-308, MCA; IMP, Sec. 17-6-308, 17-6-313, MCA; NEW, 2000 MAR p. 1043, Eff. 2/11/00.
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