Mont. Admin. r. 2.59.141 - DIRECT BENEFIT
(1) A direct
benefit exists when the proceeds of a loan or extension of credit to a person
are deemed to be used to the advantage of another person. The amount of the
loan will be attributed to the other person when the proceeds, or assets
purchased with the proceeds, are transferred to the other person. If the
proceeds are used to acquire property, goods, or services through a bona fide
arm's length transaction, a direct benefit does not exist regarding the seller
of the property, goods, or services. A bona fide arm's length transaction is an
actual transaction, performed in good faith, between two or more parties, with
each party acting in their own self-interest.
Notes
AUTH: 32-1-211, 32-1-432, MCA; IMP: 32-1-211, 32-1-432, MCA
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