Montana § 90-6-602 Definitions

Montana Statutes

§ 90-6-602 — Definitions

Montana § 90-6-602

Title 90PLANNING, RESEARCH, AND DEVELOPMENT

Ch. 6COMMUNITY IMPACT -- PLANNING AND ABATEMENT

Part 6Veterans' Home Loan Mortgage Program

This text of Montana § 90-6-602 (Definitions) 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. § 90-6-602 (2026).

Text

90-6-602 . Definitions. As used in this part, the following definitions apply:

(1)"Board" means the board of housing provided for in 2-15-1814 .

(2)"Coal tax trust fund" or "trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.

(3)"Eligible veteran" means an individual who is a Montana resident and who:

(a)is or has been a member of the Montana national guard;

(b)is or has been a member of the federal reserve forces of the armed forces of the United States, serving pursuant to Title 10 of the United States Code;

(c)is serving or has served on federal active duty pursuant to Title 10 of the United States Code;

(d)is an unremarried spouse of an individual who was otherwise an eligible veteran and was killed in the line of duty;

(e)is

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90-6-602 . Definitions. As used in this part, the following definitions apply:
(1) "Board" means the board of housing provided for in 2-15-1814 .
(2) "Coal tax trust fund" or "trust fund" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.
(3) "Eligible veteran" means an individual who is a Montana resident and who:
(a) is or has been a member of the Montana national guard;
(b) is or has been a member of the federal reserve forces of the armed forces of the United States, serving pursuant to Title 10 of the United States Code;
(c) is serving or has served on federal active duty pursuant to Title 10 of the United States Code;
(d) is an unremarried spouse of an individual who was otherwise an eligible veteran and was killed in the line of duty;
(e) is an eligible veteran as defined by the board pursuant to 90-6-605 (2); or
(f) if previously a member of the armed forces, was discharged under honorable conditions.
(4) "First-time home buyer" means an individual determined by the board to be a first-time home buyer pursuant to rules adopted by the board.
(5) "Mortgage loan" means a loan for the purchase of real property with any improvements located within this state that is to be used for residential purposes and that is based upon a written instrument approved by a federal agency and that is written in the form of a trust indenture.
(6) "Participating financial institution" means a corporate lender or other loan originator approved by the board for originating and servicing loans pursuant to this part.
(7) "Resident" means an individual who maintains a permanent place of abode within Montana and who has not established a residence elsewhere even though the individual may be temporarily absent from the state.
(8) "Trust indenture" has the meaning provided in 71-1-303 .
(9) (a) "Under honorable conditions" means a discharge or separation from military duty characterized by the armed forces as under honorable conditions. The term includes honorable discharge and general discharge.
(b) The term does not include a dishonorable discharge or another administrative discharge characterized by military regulation as other than honorable.
(10) "Veterans' home loan mortgage program" or "program" means the program created in 90-6-603 .