Montana Statutes
§ 32-3-609 — Insurance For Members -- Debt Cancellation And Suspension Programs
Montana § 32-3-609
This text of Montana § 32-3-609 (Insurance For Members -- Debt Cancellation And Suspension Programs) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mont. Code Ann. § 32-3-609 (2026).
Text
32-3-609 . Insurance for members -- debt cancellation and suspension programs.
(1)A credit union may purchase or make available insurance for its members in amounts related to their respective ages, shares, or loan balances or to any combination of them.
(2)A credit union may, upon application to and approval by the department of administration pursuant to 32-3-206 , offer debt cancellation and suspension programs. Debt cancellation or suspension programs offered pursuant to this subsection are not insurance products subject to the provisions of Title 33. The department shall adopt rules to implement this subsection that must be substantially equivalent to or more stringent than federal laws, regulations, and regulatory guidelines that are applicable to debt cancellation or suspension pr
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Legislative History
En. 14-656 by Sec. 56, Ch. 38, L. 1975; R.C.M. 1947, 14-656; amd. Sec. 2, Ch. 138, L. 2011.
Nearby Sections
15
§ 32-3-1001
And 32-3-1002 Reserved§ 32-3-1005
Theft Of Funds§ 32-3-1006
And 32-3-1007 Reserved§ 32-3-1008
Concealing Actions From Directors§ 32-3-1009
False Statement To Obtain Or Extend Loan§ 32-3-101
Short Title§ 32-3-1010
Through 32-3-1012 Reserved§ 32-3-102
Purposes -- Definitions§ 32-3-103
Use Of Name Exclusive§ 32-3-104
Office Facilities§ 32-3-105
Fiscal YearCite This Page — Counsel Stack
Bluebook (online)
Montana § 32-3-609, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/3/32-3-609.