Montana HB520 clarifies that local prohibitions on conveying family transfer parcels do not apply to conveyances involving lenders.
Montana HB520 amends existing laws to clarify that local prohibitions on conveying family transfer parcels do not apply to conveyances involving lenders. This means that lenders can freely transfer or convey land acquired through foreclosure sales or deeds in lieu of foreclosure, regardless of local restrictions on family transfers. The bill also outlines specific conditions under which land divisions are exempt from subdivision review, including family transfers and relocations of common boundaries.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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