Montana

Legal Status

Legal, but severely limited

Citation

Mont. Code Ann. 31-1-701 

Loan Terms

Maximum Loan Amount: 300

Loan Term: 31

Finance Charge for 14-day $100 Loan: 1.38

APR for 14-day $100 Loan: 36%

Debt Limits

Maximum Number of Outstanding Loans at One Time: Silent.

Rollovers Permitted: No. Mont. Code Ann. 31-1-723(13).

Cooling-off Period: Silent

Repayment Plan: Silent

Collection Limits

Collection Fees: $30 NSF Fee. Mont. Code Ann. 31-1-722.

Criminal Action: Prohibited. 31-1-723.