§ 32-5-301 Fees charged to consumers
§ 32-5-302 Installment and balloon payments
§ 32-5-303 Borrower to receive copy of contract or statement of contents
§ 32-5-304 Receipts — return of note
§ 32-5-305 Confessions of judgment — incomplete instruments forbidden
§ 32-5-306 Insurance — real property security — definitions
§ 32-5-307 Records to be kept
§ 32-5-308 Annual report
§ 32-5-309 Advertising — limitations
§ 32-5-310 Wage assignments — limitations
§ 32-5-311 Precomputed interest prohibited
§ 32-5-321 Repealed
§ 32-5-322 Repealed
§ 32-5-323 Repealed
§ 32-5-324 Repealed
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Terms Used In Montana Code > Title 32 > Chapter 5 > Part 3 - Operation of Business -- Restrictions and Requirements

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Customary: means according to usage. See Montana Code 1-1-206
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Grantor: The person who establishes a trust and places property into it.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgagee: The person to whom property is mortgaged and who has loaned the money.
  • Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: means real and personal property. See Montana Code 1-1-205
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Real property: means lands, tenements, hereditaments, and possessory title to public lands. See Montana Code 1-1-205
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • Truth in Lending Act: The Truth in Lending Act is a federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on Source: OCC
  • Writing: includes printing. See Montana Code 1-1-203