Montana Statutes
§ 31-4-119 — Act Violation -- Unenforceable Contract
Montana·Title 31 CREDIT TRANSACTIONS AND RELATIONSHIPS·Ch. 4 LITIGATION FINANCING·Part 1 Litigation Financing Transparency andConsumer Protection Act
31-4-119 . Act violation -- unenforceable contract.
(1)Any violation of this part by the litigation financer renders the litigation financing contract unenforceable by the litigation financer or any successor-in-interest to the litigation financing contract.
(2)If a litigation financer charges a rate of interest that exceeds the rate of interest allowed under 31-1-107 , the litigation financer shall be subject to a penalty for usury and an action to recover excessive interest as authorized under 31-1-108 .
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 31-4-119 (Act Violation -- Unenforceable Contract) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 11, Ch. 360, L. 2023.
Nearby Sections
15
§ 31-4-101
Short Title§ 31-4-102
Definitions§ 31-4-103
Registration§ 31-4-104
Litigation Financing Protections§ 31-4-105
And 31-4-106 Reserved§ 31-4-109
Through 31-4-111 Reserved§ 31-4-112
Class Actions§ 31-4-113
Through 31-4-117 Reserved§ 31-4-118
Exemptions§ 31-4-119
Act Violation -- Unenforceable Contract§ 31-4-120
Joint And Several Liability For Costs§ 31-4-121
Through 31-4-124 Reserved§ 31-4-125
Regulatory Oversight -- Rulemaking