- (1) No loan will be made under the Act and these rules to refinance existing debt previously incurred by the applicant.
- (2) The maximum term for loans is 10 years.
- (3) Loans made under the Act and these rules shall be used only for the purposes described in the loan application.
- (4) The department's participation in any loan made through a financial institution under the Act and these rules shall not exceed 90% of the principal loan amount.
Authorizing statute(s): 90-4-104, MCA
Implementing statute(s): 90-4-101, 90-4-104, MCA
History: NEW, 1982 MAR p. 851, Eff. 4/30/82; TRANS, from DNRC, 1996 MAR p. 2863.