Montana Administrative Code

8.97.1301 DEFINITIONS "Board" or "board of investments" means the board of investments created in 2-15-1808, MCA. "Loan program" means loans funded from the Montana permanent coal tax trust pursuant to 17-6-305 and 17-6-308, MCA. "Basic sector of the economy" businesses as envisi…

8.97.1302 SELLER/SERVICER APPROVAL PROCEDURES - GENERAL REQUIREMENTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1521, 17-6-324, MCA Implementing statute(s): Sec. 17-5-1521, 17-6-211, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; AMD, 1990 MAR p. 1703, Eff. 8/31/90…

8.97.1303 FORWARD COMMITMENT FEES AND YIELD REQUIREMENTS FOR ALL LOANS is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-311, 17-6-315, 17-6-324, MCA Implementing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-211, 17-6-304, 17-6-308, 17-6-315, 17-6-324, MC…

8.97.1304 CONFIDENTIALITY OF INFORMATION is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-324, MCA Implementing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-324, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; REP, 2000 MAR p. 470, Eff. 2/11/00.

8.97.1305 APPLICATION PROCEDURE is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): ED, Sec. 17-6-201, 17-6-3…

8.97.1306 FALSE OR MISLEADING STATEMENTS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): ED, Sec. 17-6-20…

8.97.1307 REVIEW OF APPLICATION AND APPEAL PROCEDURES is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): ED,…

8.97.1308 AUTHORIZED LOAN TYPES The loan program includes the following types of loans for the Montana coal tax trust fund: federally guaranteed loans up to 100% of the guaranteed interest of loans guaranteed by the United States or any agency or instrumentality of the United Sta…

8.97.1309 AUTHORIZED APPLICANTS Except for infrastructure loans, the board is precluded from lending directly to borrowers by 17-6-201(3) (d) , MCA. Financial institutions are authorized to apply for federally guaranteed, participation and linked deposit loans. Borrowers, includi…

8.97.1310 LOAN PROGRAM POLICIES The board shall adopt underwriting policies, procedures and criteria for the various types of loans it authorizes in the loan program. All policies, procedures and criteria must be approved at regularly scheduled board meetings. Policies and proced…

8.97.1401 RESIDENTIAL LOAN PROGRAMS - GENERAL REQUIREMENTS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s)…

8.97.1402 APPRAISALS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-1521, MCA Implementing statute(s): ED, Sec. 17-6-201, 17-6-324, MCA His…

8.97.1403 CONVENTIONAL LOAN PROGRAM - GENERAL REQUIREMENTS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-6-201, MCA Implementing statute(s): ED, Sec. 1…

8.97.1404 CONVENTIONAL LOAN PROGRAM - PURPOSE AND LOAN RESTRICTIONS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of the law, Sec. 17-6-201, MCA Implementing statute(s): ED, Se…

8.97.1405 CONVENTIONAL LOAN PROGRAMS - OFFERING CHECKLIST is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-6-201, MCA Implementing statute(s): ED, Sec. 17…

8.97.1406 FHA AND VA LOAN PROGRAMS - GENERAL REQUIREMENTS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section Implementing statute(s): ED, Sec. 17-6-201, 17-6-324, MC…

8.97.1407 FHA AND VA LOAN PROGRAMS - OFFERING CHECKLIST is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section Implementing statute(s): ED, Sec. 17-6-201, 17-6-324, MCA …

8.97.1408 FEDERALLY GUARANTEED LOAN PROGRAMS - GENERAL REQUIREMENTS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section Implementing statute(s): ED, Sec. 17-6-201, 17…

8.97.1409 FEDERALLY GUARANTEED LOAN PROGRAMS - OFFERING CHECKLIST is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section Implementing statute(s): ED, Sec. 17-6-201, 17-6…

8.97.1410 LOAN PROGRAMS FOR COMMERCIAL, MULTI-FAMILY AND NON-PROFIT CORPORATIONS - GENERAL REQUIREMENTS is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-308, 17-6-315, 17-6-324, MCA Implementing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-211, 17-6-308,…

8.97.1411 LOAN PROGRAMS FOR COMMERCIAL, MULTI-FAMILY AND NON-PROFIT CORPORATIONS - TERMS AND LOAN LIMITS is hereby repealed. Authorizing statute(s): Sec. 17-5-1503, 17-5-1521, 17-6-308, 17-6-324, MCA Implementing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-211, 17-6-308, 17-6-324…

8.97.1412 LOAN PROGRAMS FOR COMMERCIAL, MULTI-FAMILY AND NON-PROFIT CORPORATIONS - OFFERING CHECKLIST is hereby repealed. Authorizing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-308, 17-6-324, MCA Implementing statute(s): Sec. 17-5-1504, 17-5-1521, 17-6-304, 17-6-305, 17-6-308, 1…

8.97.1413 ECONOMIC DEVELOPMENT LINKED DEPOSIT PROGRAM - GENERAL REQUIREMENTS is hereby repealed. Authorizing statute(s): Sec. 17-6-324, MCA Implementing statute(s): Sec. 17-6-324, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; AMD, 1989 MAR p. 659, Eff. 5/26/89; AMD, 1997 MAR…

8.97.1414 CONVENTIONAL, FHA, VA, COMMERCIAL AND MULTI-FAMILY LOAN PROGRAMS - ASSUMPTIONS is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-152…

8.97.1415 SELLER/SERVICER - LOAN DELINQUENCY FOR RESIDENTIAL, COMMERCIAL AND MULTI-FAMILY is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-15…

8.97.1416 SELLER/SERVICER - LOAN FORECLOSURE FOR RESIDENTIAL, COMMERCIAL AND MULTI-FAMILY is hereby repealed. Authorizing statute(s): The portion of this rule implementing 17-6-201, MCA, is advisory only but may be a correct interpretation of this section, Sec. 17-5-1504, 17-5-15…

8.97.1501 INVESTMENT POLICY, CRITERIA AND PREFERENCES is hereby repealed. Authorizing statute(s): Sec. 17-6-308, 17-6-324, MCA Implementing statute(s): Sec. 17-6-304, 17-6-305, 17-6-308, 17-6-314, 17-6-324, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; AMD, 1992 MAR p. 1013,…

8.97.1502 INTEREST RATE REDUCTION FOR LOANS FUNDED FROM THE COAL TAX TRUST (REPEALED) Authorizing statute(s): 17-6-308, 17-6-324, MCA Implementing statute(s): 17-6-304, 17-6-308, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; AMD, 1989 MAR p. 977, Eff. 7/28/89; AMD, 1990 MAR …

8.97.1503 LOAN PROGRAM FOR INFRASTRUCTURE LOANS - GENERAL DESCRIPTION is hereby repealed. Authorizing statute(s): Sec. 17-6-308, 17-6-324, MCA Implementing statute(s): Sec. 17-6-304, 17-6-308, MCA History: NEW, 1995 MAR p. 1796, Eff. 9/15/95; AMD, 1997 MAR p. 1361, Eff. 8/5/97; R…

8.97.1504 APPLICATION PROCEDURE FOR INFRASTRUCTURE LOANS is hereby repealed. Authorizing statute(s): Sec. 17-6-308, 17-6-324, MCA Implementing statute(s): Sec. 17-6-304, 17-6-308, MCA History: NEW, 1995 MAR p. 1796, Eff. 9/15/95; REP, 2000 MAR p. 470, Eff. 2/11/00.

8.97.1505 APPLICATION PROCEDURES FOR INFRASTRUCTURE LOAN PROGRAM - LOAN AGREEMENT, CLOSING, FUNDING is hereby repealed. Authorizing statute(s): Sec. 17-6-308, 17-6-324, MCA Implementing statute(s): Sec. 17-6-304, 17-6-308, MCA History: NEW, 1995 MAR p. 1796, Eff. 9/15/95; REP, 20…

8.97.1601 BONDS AND NOTES OF BOARD (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, 17-6-324, MCA Implementing statute(s): 17-5-1504, 17-5-1521, 17-6-324, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1602 LOAN LOSS RESERVE ACCOUNT FOR THE IN-STATE INVESTMENT FUND is hereby repealed. Authorizing statute(s): Sec. 17-6-324, MCA Implementing statute(s): Sec. 17-6-315, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; REP, 1993 MAR p. 2235, Eff. 10/1/93.

8.97.1603 PURCHASE OF DEBENTURES OF QUALIFIED MONTANA CAPITAL COMPANIES is hereby repealed. Authorizing statute(s): Sec. 17-6-324, MCA Implementing statute(s): Sec. 17-6-324, MCA History: NEW, 1988 MAR p. 2214, Eff. 10/14/88; REP, 2000 MAR p. 470, Eff. 2/11/00.

8.97.1701 DEFINITIONS (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, MCA Implementing statute(s): 17-5-1504, 17-5-1521, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1702 DESCRIPTION OF ECONOMIC DEVELOPMENT BOND PROGRAMS (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, MCA Implementing statute(s): 17-5-1505, 17-5-1521, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1706 APPLICATION AND FINANCING FEES, COSTS AND OTHER CHARGES (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, MCA Implementing statute(s): 17-5-1504, 17-5-1521, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1707 APPLICATION PROCEDURES AND PUBLIC HEARING REQUIREMENTS A business enterprise may apply for financing under the economic development bond programs by submitting a loan application to the board which will review project eligibility and the proposed use of the money. For m…

8.97.1708 PUBLIC INTEREST CRITERIA (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, MCA Implementing statute(s): 17-5-1504, 17-5-1521, 17-5-1526, 17-5-1527, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1709 THIRTY DAY REVIEW REQUIREMENT (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521 Implementing statute(s): 17-5-1504, 17-5-1521, 17-5-1526, 17-5-1527, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1801 DESCRIPTION OF MOBP PROGRAM (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, MCA Implementing statute(s): 17-5-1504, 17-5-1521, 17-5-1526, 17-5-1527, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1802 ELIGIBILITY REQUIREMENTS OF MOBP PROGRAM (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, MCA Implementing statute(s): 17-5-1504, 17-5-1521, 17-5-1526, 17-5-1527, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/21.

8.97.1803 CRITERIA FOR EVALUATING APPLICATIONS FOR PROJECT FINANCING UNDER THE MOBP PROGRAM (REPEALED) Authorizing statute(s): 17-5-1504, 17-5-1521, MCA Implementing statute(s): 17-5-1504, 17-5-1521, MCA History: NEW, 1989 MAR p. 659, Eff. 5/26/89; REP, 2021 MAR p. 466, Eff. 5/1/…