Montana Code 71-3-114. Priority of purchase money mortgage
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71-3-114. Priority of purchase money mortgage. Except as otherwise provided by law, a mortgage given for the price of real property at the time of its conveyance has priority over all other liens created against the purchaser, subject to the operation of the recording laws.
Terms Used In Montana Code 71-3-114
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.