Montana Statutes
§ 17-6-346 — Interest Rates And Repayment Of Intermediary Loan -- Terms
17-6-346 . Interest rates and repayment of intermediary loan -- terms.
(1)The interest rate on an intermediary loan made pursuant to 17-6-345 may not exceed 2% a year for a period of 30 years.
(2)For the first 3 years, repayment on the intermediary loan is of the interest only, and for the remainder of the term of the intermediary loan, the repayment is principal and interest.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 17-6-346 (Interest Rates And Repayment Of Intermediary Loan -- Terms) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 2, Ch. 183, L. 2003.
Nearby Sections
15
§ 17-6-102
Insurance On Deposits§ 17-6-103
Security For Deposits Of Public Funds§ 17-6-202
Investment Funds -- General Provisions§ 17-6-203
Separate Investment Funds§ 17-6-206
Reserved§ 17-6-207
Investment Of State Cabin Site Sales§ 17-6-208
Through 17-6-210 Reserved§ 17-6-212
State Purchase Of General Fund Warrants