Table of Contents
TITLE 32. FINANCIAL INSTITUTIONS
CHAPTER 2. MUTUAL SAVINGS AND LOAN ASSOCIATIONS
Part 9. Operation and Regulation
Current Version 2025, 2023, 2021
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32-2-901
32-2-902
32-2-903
32-2-904
32-2-905
32-2-906
32-2-907
32-2-908
32-2-909
32-2-910
32-2-911
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Mont. Code Ann. § 32-2-910

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

(1) A state mutual association has the same authority to make loans on real estate that is given by acts of congress or the federal reserve system to federal savings associations.

(2) A mutual association 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. 51, Ch. 431, L. 2021 (SB 308 - Welborn, Jeffrey (R) SD 36)
Source