Montana § 80-12-201 - Loan Agreements -- General Provisions
Full text of Montana Montana Code Annotated § 80-12-201 — Loan Agreements -- General Provisions, with citation guidance and answers to common questions.
§ 80-12-201. Loan Agreements -- General Provisions
Loan agreements -- general provisions. (1) Each loan approved by the authority for issuance of a bond must include a loan agreement providing a payment schedule that may not exceed 30 years. (2) The agreement must specify a reasonable rate of interest, which rate may be a variable rate provided the method of determination is contained in the loan agreement. (3) Loans approved by the authority for issuance of a bond may be secured by any liens or collateral the financial institution considers necessary. (4) The money received under a loan agreement may be used for: (a) acquisition of farm or ranch land; (b) a downpayment on the acquisition of farm or ranch land; (c) acquisition or construction of depreciable property used in the operation of a farm or ranch; or (d) production of energy using an alternative renewable energy source as defined in 15-6-225 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 80-12-201
What does Montana Code Annotated § 80-12-201 cover?
Section 80-12-201 ("Loan Agreements -- General Provisions") 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 § 80-12-201?
A common citation format is "Montana Code Annotated § 80-12-201" (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 § 80-12-201 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.