Montana Statutes
§ 32-2-910 — Authority Of State Mutual Associations To Make Real Estate Loans -- Borrower Insurance Requirements
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 2 MUTUAL SAVINGS AND LOAN ASSOCIATIONS·Part 9 Operation and Regulation
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.
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Montana § 32-2-910 (Authority Of State Mutual Associations To Make Real Estate Loans -- Borrower Insurance Requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 51, Ch. 431, L. 2021.
Nearby Sections
15
§ 32-2-1001
Dissolution And Disincorporation§ 32-2-1002
Grounds For Closing Mutual Association§ 32-2-1003
When Mutual Association Insolvent§ 32-2-1004
Deposits In Insolvent Mutual Associations§ 32-2-1007
Corporate Existence -- Cessation§ 32-2-101
Repealed§ 32-2-1010
Resumption After Closing§ 32-2-1013
Department May Retain Mutual Association Employees -- Liquidating Agent's Salary And Expenses§ 32-2-1014
Compensation Of Agents And Attorneys