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Montana Title 17. State Finance § 17-6-346. Interest rates and repayment of intermediary loan--terms

Current as of January 01, 2024 | Updated by FindLaw Staff

(1) The interest rate on an intermediary loan made pursuant to 17-6-345 may not exceed 2% a year for a period of 30 years.

(2) For the first 3 years, repayment on the intermediary loan is of the interest only, and for the remainder of the term of the intermediary loan, the repayment is principal and interest.

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Cite this article: FindLaw.com - Montana Title 17. State Finance § 17-6-346. Interest rates and repayment of intermediary loan--terms - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-17-state-finance/mt-code-ann-sect-17-6-346/

Read this complete Montana Title 17. State Finance § 17-6-346. Interest rates and repayment of intermediary loan--terms on Westlaw. Westlaw subscription required.

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