Montana Code 30-14-1104. Scope
30-14-1104. Scope. (1) Except as provided in subsection (2), 30-14-1103 applies to any agreement in connection with a consumer contract entered into in this state between a consumer who is a resident of this state at the time of the transaction and a seller, lessor, or lender.
Terms Used In Montana Code 30-14-1104
- 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
- Contract: A legal written agreement that becomes binding when signed.
- Property: means real and personal property. See Montana Code 1-1-205
- 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
- Statute: A law passed by a legislature.
(2)Section 30-14-1103 does not apply to:
(a)consumer contracts in which the value of the money, property, or services bought, leased, or borrowed exceeds $50,000 at the time of the contract;
(b)consumer contracts in which securities or commodities accounts are bought, leased, or borrowed;
(c)an insurance policy or contract that is subject to the provisions of Title 33;
(d)a seller, lessor, or lender, if it is a government agency or instrumentality;
(e)the provision of public utility service under tariffs approved by the public service commission; or
(f)a transfer of real estate.
(3)The use of specific language expressly required or authorized by a court decision, state or federal statute or administrative rule, or governmental agency is not a violation of this part; nor is a legal description of real property a violation of this part.