71-1-114. Exception to limitation. If the borrower desires, the lending institution and borrower may enter into a written contract in which they agree that the funds on reserve exceed 110% of the reasonable amount needed to pay such expenses.
History: En. Sec. 2, Ch. 490, L. 1979.
Structure Montana Code Annotated
Title 71. Mortgages, Pledges, and Liens
71-1-102. Power of attorney to execute
71-1-103. Mortgage a special lien -- on what a lien
71-1-104. Mortgage not a personal obligation
71-1-105. Mortgagee not entitled to possession
71-1-107. Transfers of interest
71-1-108. Subsequently acquired title
71-1-109. Mortgage of property adversely held
71-1-110. Passage of mortgage by assignment of debt
71-1-113. Limit on the amount of funds on reserve