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.
Mont. Code Ann. § 32-5-311
Precomputed interest prohibited
Known as the Montana Consumer Loan Act
The act spans §§ 32–32 (44 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.