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By PETERSEN executive secrelary

FILANS are progressing nicelY for l-ttre 1976 MBMDA Convention to be held March 25-2'l at the Heritage Inn. Great Falls. Historically, Great Falls has drawn excellent attendance, and it is hoped that 1976 will Prove no exception.

Heading the convention committee are Frank Dvoracek and Rudy Harms as co-chairmen; Eleanor Robinson is in charge of activities for the ladies.

Developments to date indicate an interesting, instructive and exciting session.

Motivation, communication and public relations will be considered, along with such matters as metrication and its attendant problems for the industry, rationalization of lumber grading practices and procedures, the supply picture, current and prospective. Mark your calendar now.

We are pleased to welcome two new dealer members to MBMDA:

Tony Stein, A-Frame, Inc., Baker, Montana.

Mike O'Connell,Western Dimensions,

SERVICES OBTAINED PURSUANT HERETO OR WITH THE PROCEEDS HEREOF, RECOVERY HEREUNDER BY THE DEBTOR SHALL NOT EXCEED AMOUNTS PAID BY THE DEBTOR HEREUNDER.''

According to the FTC, when an unhappy customer decides to stop credit payments, the loan company will be forced to turn first to the retailer in an effort to determine the justification for the consumer's complaint.

The regulation also covers loan transactions where a retailer refers the consumer to a loan outlet which finances the purchase. It prohibits dealers from accepting loan proceeds as payment for a sale, unless the loan contracts, signed by the consumer, contains the notice concerning the consumer rights. '

This regulation does not affect the "Holder in Due Course" Doctrine with regard to commercial transactions ( contractor ).

Butte, Montana.

A new operation in Montana's retail industry is Knox Lumber Co., Billings, under the management of Pete Bennie.

We regret to report the death at 88 of Ray V. Umsted, founder of Home Lumber Co., Chinook. A former MBMDA member. until retirement in 1960, Ray had spent 40 vears in the lumber business.