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| Rule: 2.59.2062 | Prev Up Next | |
| Rule Title: LEGAL LENDING LIMIT | ||
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| Department: | ADMINISTRATION | |
| Chapter: | BANKING AND FINANCIAL INSTITUTIONS | |
| Subchapter: | Mutual Savings and Loan Associations | |
| Latest version of the adopted rule presented in Administrative Rules of Montana (ARM): | ||
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2.59.2062 LEGAL LENDING LIMIT (1) If no direct benefit is received or no common enterprise exists, the combined loans or extensions of credit to a commonly owned or controlled group of borrowers shall not exceed three times the mutual association's lending limit. History: 32-2-925, MCA; IMP, 32-2-925, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22. |
| MAR Notices | Effective From | Effective To | History Notes |
|---|---|---|---|
| 2-59-615 | 2/12/2022 | Current | History: 32-2-925, MCA; IMP, 32-2-925, MCA; NEW, 2022 MAR p. 230, Eff. 2/12/22. |
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