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§ 32-5-311 — Montana Law | CourtGPT
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  2. Laws/
  3. Montana/
  4. Title 32 - Financial Institutions/
  5. Chapter 5 - Consumer Loan Businesses/
  6. Part 3 - Operation of Business -- Restrictions and Requirements32-5-301. Fees Charged to Consumers/
  7. § 32-5-311
Montana Legal Code

§ 32-5-311

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32-5-311. Precomputed interest prohibited. All consumer loans made or refinanced under this chapter must be made on simple interest, and the interest on consumer loans made or refinanced under this chapter may not be precomputed. History: En. Sec. 14, Ch. 173, L. 2013.

Source: https://mca.legmt.gov/bills/mca/title_0320/chapter_0050/part_0030/section_0110/0320-0050-0030-0110.html· Version 2025