Montana Code 85-1-616. Administration of loans and grants
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85-1-616. Administration of loans and grants. The department shall:
Terms Used In Montana Code 85-1-616
- Contract: A legal written agreement that becomes binding when signed.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(1)administer the loan and grant program established by this part;
(2)service loans made or contract and pay for the servicing of loans, including arrangements for obtaining security interests; and
(3)collect reasonable fees or charges for the servicing of loans, including arrangements for obtaining security interests. The fees and charges must be deposited in the natural resources projects state special revenue account established in 15-38-302.