71-1-115. Record of reserve fund required. Every lending institution shall keep an itemized record of each payment entered into the reserve fund and each disbursement withdrawn from the reserve fund. The lending institution shall annually mail a statement of total receipts and disbursements to each borrower under a mortgage or trust indenture of real property.
History: En. Sec. 3, 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