Montana § 80-12-203 Qualifications Of Applicants

Montana Statutes

§ 80-12-203 — Qualifications Of Applicants

Montana § 80-12-203

Title 80AGRICULTURE

Ch. 12MONTANA AGRICULTURAL LOAN AUTHORITY ACT

Part 2Loans

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Bluebook

Mont. Code Ann. § 80-12-203 (2026).

Text

80-12-203 . Qualifications of applicants.

(1)To be eligible for a loan approved by the authority for issuance of a bond, an applicant:

(a)shall declare the intention to maintain the applicant's residence in Montana during the length of the loan;

(b)must have been approved by a financial institution; and

(c)must have a net worth not to exceed $450,000.

(2)Applications for loans to be approved by the authority for issuance of bonds may be submitted by individuals, partnerships, associations, or joint ventures. All persons involved in the application must meet the requirements of subsection (1). Corporations may not apply.

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80-12-203 . Qualifications of applicants. (1) To be eligible for a loan approved by the authority for issuance of a bond, an applicant:
(a) shall declare the intention to maintain the applicant's residence in Montana during the length of the loan;
(b) must have been approved by a financial institution; and
(c) must have a net worth not to exceed $450,000.
(2) Applications for loans to be approved by the authority for issuance of bonds may be submitted by individuals, partnerships, associations, or joint ventures. All persons involved in the application must meet the requirements of subsection (1). Corporations may not apply.

Legislative History

En. Sec. 7, Ch. 580, L. 1983; amd. Sec. 1, Ch. 542, L. 1985; amd. Sec. 214, Ch. 368, L. 1991; amd. Sec. 1, Ch. 18, L. 2009; amd. Sec. 2619, Ch. 56, L. 2009; amd. Sec. 267, Ch. 271, L. 2019.