Montana Code > Title 90 > Chapter 9 > Part 5 – Farmer Loan Repayment Assistance Program


§ 90-9-501	Montana farmer loan repayment assistance program
§ 90-9-502	Eligibility — amount of loan repayment assistance
§ 90-9-503	Payments to be made directly to educational loan servicer
§ 90-9-504	Loan repayment assistance documentation
§ 90-9-505	Funding — priorities

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Council: means the Montana agriculture development council established in 2-15-3015. See Montana Code 90-9-103
Department: means the department of agriculture established in 2-15-3001. See Montana Code 90-9-103
Educational loan: means a loan made pursuant to a federal loan program, except for a federal parent loan for undergraduate students (PLUS) loan, as provided in 20 U. See Montana Code 90-9-103
Educational loan servicer: means an entity that engages for compensation or gain from another or on its own behalf, in the business of:

(a)receiving any scheduled periodic payments from a borrower pursuant to the terms of an educational loan;

(b)applying the payments of principal and interest and other payments with respect to the amounts received from a borrower, as may be required pursuant to the terms of an educational loan; and

(c)performing other administrative services with respect to an educational loan. See Montana Code 90-9-103
Farmer: means a person who:

(a)is engaged in agricultural activities, including ranching, at a farm;

(b)participates in the day-to-day operations of a farm; and

(c)is the primary owner of an agricultural operation, including an heir, a successor, or an assignee of the operation. See Montana Code 90-9-103