Terms Used In Montana Code > Title 33 > Chapter 14 > Part 1 - General Provisions

• Contract: A legal written agreement that becomes binding when signed.
• Finance charge: The total cost of credit a customer must pay on a consumer loan, including interest. The Truth in Lending Act requires disclosure of the finance charge. ^{Source: OCC}
• Insurance premium finance company: means a person engaged in the business of entering into premium finance agreements with insureds or of acquiring such premium finance agreements from insurance producers, brokers, or other premium finance companies. See Montana Code 33-14-102
• Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
• Unearned premium: means that part of the original premium, including a deposit, not yet earned by the insurer and therefore due the insured if a policy is canceled. See Montana Code 33-14-102