Table of Contents
TITLE 32. FINANCIAL INSTITUTIONS
CHAPTER 1. BANKS AND TRUST COMPANIES
Part 4. Operation and Regulation
Current Version 2025, 2023, 2021, 2019, 2015, 2013, 2011, 2009, 2007, 2005, 2003, 2001, 1999, 1997, 1995
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32-1-401
32-1-402
32-1-403
32-1-411
32-1-412
32-1-413
32-1-414
32-1-420
32-1-421
32-1-422
32-1-423
32-1-424
32-1-425
32-1-426
32-1-427
32-1-429
32-1-430
32-1-432
32-1-433
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32-1-435
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32-1-495
Mont. Code Ann. § 32-1-430

Authority of state banks to make real estate loans – borrower insurance requirements

(1) A bank in this state has the same authority to make loans upon real estate that is given by acts of congress or the federal reserve system to national banks or bank members of the federal reserve system.

(2) A bank that is subject to this section may not require a borrower, as a condition of obtaining or maintaining a loan secured by real property, to provide insurance on improvements to real property in an amount that exceeds the reasonable replacement value of the improvements.

Official Annotations
History:
En. Sec. 27, Ch. 89, L. 1927
Re-en. Sec. 6014.31, R.C.M. 1935
Amd. Sec. 1, Ch. 23, L. 1941
Amd. Sec. 1, Ch. 90, L. 1945
Amd. Sec. 1, Ch. 25, L. 1959
Amd. Sec. 13, Ch. 431, L. 1975
Amd. Sec. 5, Ch. 71, L. 1977
R.C.M. 1947, 5-506(part)
Amd. Sec. 1, Ch. 324, L. 2009 (SB 375 - Peterson, Jim (R) SD 15)
Source