Montana Usury Collection Check

Live. Collecting a Montana private loan? Cap is the greater of 15% or prime + 6 (MCA 31-1-107); above it the lender forfeits double the interest (31-1-108).

Collecting a Montana private, seller-carried or unlicensed loan? Checks each loan and contact against Montana's usury law: a written rate may not exceed the greater of 15% or 6 points over the prime rate published 3 business days before signing (MCA 31-1-107); above it the lender forfeits double the interest the debt carries, and interest paid is recoverable at double (31-1-108). Regulated lenders and merchant finance are flagged exempt; deferred deposit and consumer loan licensees are pointed to their own caps (31-1-112). Flags collecting usurious interest (FDCPA 1692e(2)(A), 1692f(1)) and arrest threats. Not legal advice.

Price: $0.001 per call after 1,000 free per month.

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