32-5-101. Short title

32-5-101. Short title. This chapter may be cited as the “Montana Consumer Loan Act”. History: En. Sec. 1, Ch. 283, L. 1959; R.C.M. 1947, 47-201.

32-5-102. Definitions

32-5-102. Definitions. For the purposes of this chapter, the following definitions apply: (1) ”Balloon payment” means any repayment option in which the borrower is required to repay the entire amount of any outstanding balance as of a specific date or at the end of a specified term and the aggregate amount of the required minimum periodic payments […]

32-5-103. Engaging in business of making consumer loans restricted

32-5-103. Engaging in business of making consumer loans restricted. (1) Except as provided in subsection (5), a person may not engage in the business of making consumer loans in any amount and contract for, charge, or receive directly or indirectly on or in connection with any loan any compensation, whether for interest, fees, other consideration, or […]

32-5-104. Repealed

32-5-104. Repealed. Secs. 22, 24(1), Ch. 372, L. 2007. History: En. Sec. 9, Ch. 424, L. 1981.