Montana § 71-1-113 - Limit On The Amount Of Funds On Reserve
Full text of Montana Montana Code Annotated § 71-1-113 — Limit On The Amount Of Funds On Reserve, with citation guidance and answers to common questions.
§ 71-1-113. Limit On The Amount Of Funds On Reserve
Limit on the amount of funds on reserve. Except as provided in 71-1-114 , if a lending institution requires a borrower under a mortgage or trust indenture of real property to include in the borrower's regular payment additional payment into a reserve fund held by the lending institution for the future payment of property taxes, insurance premiums, and other expenses, the amount of funds on reserve may not exceed 110% of the projected amount needed to pay those expenses.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 71-1-113
What does Montana Code Annotated § 71-1-113 cover?
Section 71-1-113 ("Limit On The Amount Of Funds On Reserve") 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 § 71-1-113?
A common citation format is "Montana Code Annotated § 71-1-113" (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 § 71-1-113 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.