Escrow & Title
In Montana, a 'one-action rule' in mortgage foreclosure law means:
AOnly one party can bring a foreclosure action
BA lender must choose one action (either foreclose on the property OR sue on the note) rather than pursuing both simultaneously✓ Correct
COnly one foreclosure action per property is allowed
DMontana does not recognize this rule
Explanation
Montana's one-action rule (anti-deficiency protections in non-judicial foreclosure) generally requires a lender to elect their remedy. In a non-judicial foreclosure, the lender typically may not pursue both the property AND a deficiency judgment, providing borrower protection.
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