Limit On The Amount Of Funds On Reserve

Mont. Code Ann. § 71-1-113, under General Provisions.

Mont. Code Ann. § 71-1-113

Except as provided in 71-1-114, if a lending institution requires a borrower under a mortgage or trust indenture of real property to include in the borrower's regular payment additional payment into a reserve fund held by the lending institution for the future payment of property taxes, insurance premiums, and other expenses, the amount of funds on reserve may not exceed 110% of the projected amount needed to pay those expenses.