Montana § 31-1-116 Commercial Loans -- When Written Agreement Required

Montana Statutes

§ 31-1-116 — Commercial Loans -- When Written Agreement Required

Montana § 31-1-116

Title 31CREDIT TRANSACTIONS AND RELATIONSHIPS

Ch. 1CREDIT TRANSACTIONS

Part 1Loans of Money -- Interest Rates

This text of Montana § 31-1-116 (Commercial Loans -- When Written Agreement Required) 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. § 31-1-116 (2026).

Text

31-1-116 . Commercial loans -- when written agreement required.

(1)With respect to a commercial loan, a contract action or a breach of contract action may not be brought against a regulated lender on a promise or commitment that is not in writing where the promise or commitment is to:

(a)lend money or to extend credit;

(b)alter, amend, renew, extend, or otherwise modify an existing promise, commitment, or agreement to lend money or extend credit; or

(c)make a financial accommodation.

(2)For the purposes of this section, "commercial loan" means money loaned or credit extended primarily for commercial or business purposes, in excess of $100,000, and does not include money lent or credit extended for personal, family, or household purposes and also does not include charge or credit card

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31-1-116 . Commercial loans -- when written agreement required. (1) With respect to a commercial loan, a contract action or a breach of contract action may not be brought against a regulated lender on a promise or commitment that is not in writing where the promise or commitment is to:
(a) lend money or to extend credit;
(b) alter, amend, renew, extend, or otherwise modify an existing promise, commitment, or agreement to lend money or extend credit; or
(c) make a financial accommodation.
(2) For the purposes of this section, "commercial loan" means money loaned or credit extended primarily for commercial or business purposes, in excess of $100,000, and does not include money lent or credit extended for personal, family, or household purposes and also does not include charge or credit card accounts, personal lines of credit, personal overdraft accounts, or other consumer accounts.