Loan Estimate Challenges
Montana’s Biggest LE Challenges
02.28.2024
Community
Known as “The Treasure State,” Montana is fairly straightforward when it comes to LE challenges.
Recording and Transfer Fees
In Montana, recording fees are uniform throughout the state, although the cost increases by page count. There are no transfer taxes assessed here.
The customary ALTA endorsements in Montana typically include ALTA 8.1, 9 and 22.
Declaration of Homestead
Montana is also home to the “Declaration of Homestead,” which is requested commonly. In essence, this provides protection against creditors and/or exemptions (in a limited amount) for things such as property tax.
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