Montana § 71-1-115 - Record Of Reserve Fund Required
Full text of Montana Montana Code Annotated § 71-1-115 — Record Of Reserve Fund Required, with citation guidance and answers to common questions.
§ 71-1-115. Record Of Reserve Fund Required
Record of reserve fund required. Every lending institution shall keep an itemized record of each payment entered into the reserve fund and each disbursement withdrawn from the reserve fund. The lending institution shall annually mail a statement of total receipts and disbursements to each borrower under a mortgage or trust indenture of real property.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 71-1-115
What does Montana Code Annotated § 71-1-115 cover?
Section 71-1-115 ("Record Of Reserve Fund Required") 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 § 71-1-115?
A common citation format is "Montana Code Annotated § 71-1-115" (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 § 71-1-115 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.