Montana Code 71-1-109. Mortgage of property adversely held
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71-1-109. Mortgage of property adversely held. A mortgage may be created upon property held adversely to the mortgagor.
Terms Used In Montana Code 71-1-109
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
- Property: means real and personal property. See Montana Code 1-1-205