Montana Statutes
§ 32-5-311 — Precomputed Interest Prohibited
Montana·Title 32 FINANCIAL INSTITUTIONS·Ch. 5 CONSUMER LOAN BUSINESSES·Part 3 Operation of Business -- Restrictions and Requirements
32-5-311 . Precomputed interest prohibited. All consumer loans made or refinanced under this chapter must be made on simple interest, and the interest on consumer loans made or refinanced under this chapter may not be precomputed.
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Legislative History
En. Sec. 14, Ch. 173, L. 2013.
Nearby Sections
15
§ 32-5-101
Short Title§ 32-5-102
Definitions§ 32-5-104
Repealed§ 32-5-201
License And Renewal Application Fees§ 32-5-203
Conduct Of Other Business In Same Office§ 32-5-204
Repealed§ 32-5-205
Surrender Of License§ 32-5-208
Reinstatement§ 32-5-301
Fees Charged To Consumers§ 32-5-302
Installment And Balloon Payments