ARM 4.3.502
ARM 4.3.502. OPERATING REQUIREMENTS
Cite as Mont. Admin. R. 4.3.502
(1) Participation of operating loans shall give the department of agriculture a first lien position on all collateral listed on the subordination agreement.
(a) Operating loans will be for a one year maximum time frame.
(b) Operating loans may be made for 60% of the value of the mortgaged property.
(c) Insurance may be required on subordinated property at the discretion of the department of agriculture.