30-14-1102. Definitions. As used in this part, unless the context requires otherwise, the following definitions apply:

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Terms Used In Montana Code 30-14-1102

  • Agreement: means any writing that is substantially prepared in advance of a consumer transaction and which a seller, lessor, or lender furnishes to a consumer for the consumer to sign in connection with that transaction. See Montana Code 30-14-1102
  • Consumer: means an individual who borrows money or leases or obtains property or services under a written agreement. See Montana Code 30-14-1102
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • Writing: includes printing. See Montana Code 1-1-203

(1)”Agreement” means any writing that is substantially prepared in advance of a consumer transaction and which a seller, lessor, or lender furnishes to a consumer for the consumer to sign in connection with that transaction.

(2)”Consumer” means an individual who borrows money or leases or obtains property or services under a written agreement.

(3)”Consumer contract” means an agreement for the sale, lease, or loan of money, property, or services primarily for personal, family, or household purposes.

(4)”Seller, lessor, or lender” means a person who regularly sells, lets, or lends in connection with consumer contracts.