Current through Register Vol. 23, December 6, 2024
Rule 4.3.202 - QUALIFICATIONS(1) A complete application must be made to the Montana department of agriculture.(2) Each applicant must provide evidence and/or sign a written statement that they are unable to acquire the needed funds from another source at reasonable rates or terms.(3) Active membership in the FFA, 4-H, or other recognized rural youth organization is desired. Parents or guardians must be willing to cooperate with the borrower and have ample facilities available for implementation of the project.(4) A three-member loan committee must be established in the local community from which an application is received. This committee should be composed of any three of the following: agriculture education instructors, county extension agents, agricultural loan officers, and others. This committee is established to make recommendations concerning the making and servicing of the loan proposal.NEW, 1977 MAR p. 942, Eff. 11/26/77; AMD, 2000 MAR p. 3332, Eff. 12/8/00; AMD, 2004 MAR p. 1469, Eff. 7/2/04.80-2-106, MCA; IMP, 80-2-103, MCA;