Montana Statutes
§ 31-1-113 — Limitation Of Rule Of 78ths
Montana § 31-1-113
JurisdictionMontana
Title 31CREDIT TRANSACTIONS AND RELATIONSHIPS
Ch. 1CREDIT TRANSACTIONS
Part 1Loans of Money -- Interest Rates
This text of Montana § 31-1-113 (Limitation Of Rule Of 78ths) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Mont. Code Ann. § 31-1-113 (2026).
Text
31-1-113 . Limitation of rule of 78ths. The sum of the monthly time balances method of computing interest or refunds on prepayment, which is also known as the rule of 78ths, may not be used in any loan agreement or retail installment contract unless the term of the loan or contract does not exceed 61 months.
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Legislative History
En. Sec. 3, Ch. 135, L. 1983.
Nearby Sections
15
§ 31-1-101
Loan Of Money -- What Constitutes§ 31-1-102
Loan To Be Repaid In Current Money§ 31-1-103
Loan Presumed To Be On Interest§ 31-1-104
Interest Defined§ 31-1-105
Annual Rate§ 31-1-106
Legal Interest§ 31-1-107
Interest Rate Allowed By Agreement§ 31-1-109
When Interest Becomes Part Of Principal§ 31-1-110
Renumbered 25-9-205§ 31-1-111
Definition Of Regulated Lender§ 31-1-113
Limitation Of Rule Of 78ths§ 31-1-114
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Bluebook (online)
Montana § 31-1-113, Counsel Stack Legal Research, https://law.counselstack.com/statute/mt/1/31-1-113.