§ 31-1-101 Loan of money — what constitutes
§ 31-1-102 Loan to be repaid in current money
§ 31-1-103 Loan presumed to be on interest
§ 31-1-104 Interest defined
§ 31-1-105 Annual rate
§ 31-1-106 Legal interest
§ 31-1-107 Interest rate allowed by agreement
§ 31-1-108 Penalty for usury — action to recover excessive interest
§ 31-1-109 When interest becomes part of principal
§ 31-1-110 Renumbered 25-9-205
§ 31-1-111 Definition of regulated lender
§ 31-1-112 Interest rate limitation exemption — regulated lenders — merchant finance
§ 31-1-113 Limitation of rule of 78ths
§ 31-1-114 reserved
§ 31-1-115 Issuing credit cards to minors — collection of debt
§ 31-1-116 Commercial loans — when written agreement required
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Terms Used In Montana Code > Title 31 > Chapter 1 > Part 1 - Loans of Money -- Interest Rates

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. Source: OCC
  • Forbearance: A means of handling a delinquent loan. A
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Usury: Charging an illegally high interest rate on a loan. Source: OCC
  • Writing: includes printing. See Montana Code 1-1-203