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Bill would allow banks to foreclose family‑transfer lots despite two‑year conveyance limit
2665148 · March 17, 2025
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Summary
House Bill 520 would exempt foreclosure sales from the two‑year nonconveyance restriction on family transfer lots so lenders can take collateral and make loans to buyers of family‑transferred parcels, proponents told the committee.
Representative Larry Brewster presented House Bill 520 to the committee as a narrowly tailored amendment to Montana’s family‑transfer rules. The bill would add exceptions allowing an immediate family member who receives a division of land to have that parcel pledged as collateral and to allow foreclosure sales despite the usual two‑year…
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