Montana § 31-1-236 Notice And Receipt Of Payment

Montana Statutes

§ 31-1-236 — Notice And Receipt Of Payment

Montana § 31-1-236

Title 31CREDIT TRANSACTIONS AND RELATIONSHIPS

Ch. 1CREDIT TRANSACTIONS

Part 2Retail Installment Sales

This text of Montana § 31-1-236 (Notice And Receipt Of Payment) 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. § 31-1-236 (2026).

Text

31-1-236 . Notice and receipt of payment.

(1)Upon written request from the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer must be given a written receipt for any payment when made in cash.

(2)After payment of all sums for which the buyer is obligated under a contract, the holder shall deliver or mail to the buyer, at the buyer's last-known address, one or more good and sufficient instruments to acknowledge payment in full and shall release all security in the goods or in any collateral security.

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31-1-236 . Notice and receipt of payment. (1) Upon written request from the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer must be given a written receipt for any payment when made in cash.
(2) After payment of all sums for which the buyer is obligated under a contract, the holder shall deliver or mail to the buyer, at the buyer's last-known address, one or more good and sufficient instruments to acknowledge payment in full and shall release all security in the goods or in any collateral security.