Montana § 71-1-232 - Deficiency Judgment Not Allowed On Foreclosure Of Purchase Price Mortgage
Full text of Montana Montana Code Annotated § 71-1-232 — Deficiency Judgment Not Allowed On Foreclosure Of Purchase Price Mortgage, with citation guidance and answers to common questions.
§ 71-1-232. Deficiency Judgment Not Allowed On Foreclosure Of Purchase Price Mortgage
Deficiency judgment not allowed on foreclosure of purchase price mortgage. Upon the foreclosure of any mortgage, executed to any vendor of real property or to the vendor's heirs, executors, administrators, or assigns for the balance of the purchase price of the real property, the mortgagee is not entitled to a deficiency judgment on account of the mortgage or note or obligation secured by the mortgage.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 71-1-232
What does Montana Code Annotated § 71-1-232 cover?
Section 71-1-232 ("Deficiency Judgment Not Allowed On Foreclosure Of Purchase Price Mortgage") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 71-1-232?
A common citation format is "Montana Code Annotated § 71-1-232" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 71-1-232 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.