Montana § 85-20-1006 - Terms And Conditions Of Loan
Full text of Montana Montana Code Annotated § 85-20-1006 — Terms And Conditions Of Loan, with citation guidance and answers to common questions.
§ 85-20-1006. Terms And Conditions Of Loan
Terms and conditions of loan. A Milk River watershed improvement trusts loan is subject to the following terms and conditions: (1) Except for loan agreements with an Indian tribe, the DNRC shall obtain a security interest in real estate that would be obtained by a reasonable, careful, and prudent lender. (2) A current appraisal of real estate offered as security and a commitment for title insurance on that land must be secured by the borrower at the borrower's expense. All costs incident to the loan and loan closing must be paid by the borrower. (3) For a loan agreement with an Indian tribe, security must be pursuant to the appropriate federal authority to secure a loan on trust land, and with an allottee, security must be pursuant to 25 U.S.C. 483A. (4) The term of the loan may not be greater than the life of the project and may not exceed 30 years.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-20-1006
What does Montana Code Annotated § 85-20-1006 cover?
Section 85-20-1006 ("Terms And Conditions Of Loan") 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 § 85-20-1006?
A common citation format is "Montana Code Annotated § 85-20-1006" (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 § 85-20-1006 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.