{"data":{"id":"us-mt/90-6-602","jurisdiction":"us-mt","citation":"90-6-602","heading":"Definitions.","body":"As used in this part, the following definitions apply:\n(1) \"Board\" means the board of housing provided for in 2-15-1814.\n(2) \"Coal tax trust fund\" or \"trust fund\" means the trust fund created pursuant to Article IX, section 5, of the Montana constitution.\n(3) \"Eligible veteran\" means an individual who is a Montana resident and who:\n(a) is or has been a member of the Montana national guard;\n(b) is or has been a member of the federal reserve forces of the armed forces of the United States, serving pursuant to Title 10 of the United States Code;\n(c) is serving or has served on federal active duty pursuant to Title 10 of the United States Code;\n(d) is an unremarried spouse of an individual who was otherwise an eligible veteran and was killed in the line of duty;\n(e) is an eligible veteran as defined by the board pursuant to 90-6-605(2); or\n(f) if previously a member of the armed forces, was discharged under honorable conditions.\n(4) \"First-time home buyer\" means an individual determined by the board to be a first-time home buyer pursuant to rules adopted by the board.\n(5) \"Mortgage loan\" means a loan for the purchase of real property with any improvements located within this state that is to be used for residential purposes and that is based upon a written instrument approved by a federal agency and that is written in the form of a trust indenture.\n(6) \"Participating financial institution\" means a corporate lender or other loan originator approved by the board for originating and servicing loans pursuant to this part.\n(7) \"Resident\" means an individual who maintains a permanent place of abode within Montana and who has not established a residence elsewhere even though the individual may be temporarily absent from the state.\n(8) \"Trust indenture\" has the meaning provided in 71-1-303.\n(9) (a) \"Under honorable conditions\" means a discharge or separation from military duty characterized by the armed forces as under honorable conditions. The term includes honorable discharge and general discharge.\n(b) The term does not include a dishonorable discharge or another administrative discharge characterized by military regulation as other than honorable.\n(10) \"Veterans' home loan mortgage program\" or \"program\" means the program created in 90-6-603.","path":["TITLE 90. PLANNING, RESEARCH, AND DEVELOPMENT","CHAPTER 6. COMMUNITY IMPACT -- PLANNING AND ABATEMENT","Part 6. Veterans' Home Loan Mortgage Program"],"source_url":"https://mca.legmt.gov/bills/mca/title_0900/chapter_0060/part_0060/section_0020/0900-0060-0060-0020.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T05:01:59Z","sha256":"3521dc8ba56e365afe9eb4c2b468db3e234e77d90f50d9c1ac30e67594fe81f0","source_id":"us-mt","stale":false,"prev":"us-mt/90-6-601","next":"us-mt/90-6-603"},"notice":"GroundRules: Original legal text. Not legal advice."}