Montana Statutes
§ 30-14-2201 — Title -- Scope
Montana·Title 30 TRADE AND COMMERCE·Ch. 14 UNFAIR TRADE PRACTICES AND CONSUMER PROTECTION·Part 22 Guaranteed Asset Protection Waiver Act
30-14-2201 . Title -- scope.
(1)This part may be cited as the "Guaranteed Asset Protection Waiver Act".
(2)The purpose of this part is to provide a framework within which guaranteed asset protection waivers are defined and may be offered within this state.
(3)This part does not apply to:
(a)an insurance policy offered by an insurer under the insurance laws of this state; or
(b)a debt cancellation or debt suspension contract being offered in compliance with 32-1-429 , 32-3-609 , 12 CFR, part 37 or part 721, or other federal law.
(4)Guaranteed asset protection waivers governed by this part are not insurance and are exempt from the insurance laws of this state. Persons that comply with this part in marketing, selling, or offering to sell guaranteed asset protection waivers to borrowers
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Legislative History
En. Sec. 1, Ch. 313, L. 2013; Sec. 30-14-151, MCA 2015; redes. 30-14-2201 by Code Commissioner, 2017.
Nearby Sections
15
§ 30-14-1001
Repealed§ 30-14-1002
Repealed§ 30-14-1003
Repealed§ 30-14-1004
Renumbered 39-9-213§ 30-14-1005
Repealed§ 30-14-101
Short Title§ 30-14-102
Definitions§ 30-14-103
Unlawful Practices§ 30-14-105
Exemptions§ 30-14-106
And 30-14-107 Reserved§ 30-14-108
Termination Of Gift Certificate Prohibited -- Fee Limitation -- Redemption -- Posting Required§ 30-14-110
Reserved§ 30-14-1101
Short Title