Montana § 90-6-505 - Mortgage Requirements
Full text of Montana Montana Code Annotated § 90-6-505 — Mortgage Requirements, with citation guidance and answers to common questions.
§ 90-6-505. Mortgage Requirements
Mortgage requirements. (1) Any mortgage securing payments made by a mortgagee to a mortgagor pursuant to a reverse annuity mortgage loan must be sufficiently definite, certain, and valid to secure all money actually advanced pursuant to and in accordance with its terms. The mortgage must secure money advanced at or subsequent to closing of the loan, up to but not exceeding the full amount of the loan. A reverse annuity mortgage has the same priority as if all money had been advanced at the time the mortgage was delivered. The mortgage must include but not be limited to the following: (a) a statement that it is a reverse annuity mortgage loan; (b) the full amount of the loan authorized; (c) a statement of the dates on which advancements are to be made and the amounts of such advancements; and (d) the events that will give rise to the maturity of the loan. (2) The mortgagee and the mortgagor may modify the advancement dates in the mortgage by a statement signed by all parties to the mortgage and properly recorded with the original mortgage instrument. The modification may not limit or otherwise affect the priority of the mortgage.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 90-6-505
What does Montana Code Annotated § 90-6-505 cover?
Section 90-6-505 ("Mortgage Requirements") 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 § 90-6-505?
A common citation format is "Montana Code Annotated § 90-6-505" (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 § 90-6-505 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.