1. (1) For purposes of determining a mutual association's lending limit under 32-2-925, MCA, the mutual association's credit exposure arising from a derivatives transaction or a securities financing transaction entered by a mutual association must be calculated in accordance with the methods and models contained in Appendix B to ARM 2.59.2069 dated July 14, 2021, which is adopted and incorporated by reference, and available on the department's website at banking.mt.gov .

Authorizing statute(s): 32-2-911, 32-2-925, MCA

Implementing statute(s): 32-2-911, 32-2-925, MCA

History: NEW, 2022 MAR p. 230, Eff. 2/12/22.