Montana is a:

Montana is not a lien theory state, which would mean the borrower retains legal title while the lender only holds a lien against the property. This is common in states like California and New York.

Montana is not an intermediate theory state, which combines elements of both title and lien theory. Intermediate theory states like Georgia treat mortgages as security devices but with different rights than pure title theory states.

Montana is not a hybrid state, which would mean different treatment depending on the type of property or transaction. Montana consistently follows the title theory approach across all real estate transactions.