The bill amends Section 76-3-207 of the Montana Code Annotated to clarify that prohibitions on conveying family transfer parcels do not apply to transactions involving lenders. It introduces new provisions that allow recipients of land divisions to convey interests in the land under a mortgage or trust indenture to secure obligations owed to another person or entity. Additionally, the bill specifies that the restrictions on transferring land do not apply to transfers made through foreclosure sales or deeds in lieu of foreclosure, allowing those who acquire title through such means to freely transfer or convey the land.

Furthermore, the bill establishes that if a governing body can demonstrate that a person has knowingly evaded subdivision regulations through specific land divisions, that person may face a civil penalty. However, it also includes protections for individuals or entities who acquire land through the aforementioned conveyances, ensuring that they are not subject to civil liability or restrictions on the validity of their security interests. Overall, the bill aims to provide clarity and flexibility regarding land transfers while maintaining regulatory oversight.

Statutes affected:
LC Text: 76-3-207
HB0520_1(1): 76-3-207
HB0520_1(2): 76-3-207
HB0520_1(3): 76-3-207
HB0520_1(4): 76-3-207
HB0520_1(5): 76-3-207
HB0520_1(6): 76-3-207
HB0520_1: 76-3-207
HB0520_X(1): 76-3-207
HB0520_X(2): 76-3-207
HB0520_X(3): 76-3-207
HB0520_X(4): 76-3-207
HB0520_X(5): 76-3-207
HB0520_X(6): 76-3-207
HB0520_X(7): 76-3-207
HB0520_X(8): 76-3-207
HB0520_X(9): 76-3-207
HB0520_X: 76-3-207