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Payday loan laws in Montana

Status: Legal (Mont. Code Ann. 31-1-701)

For Lenders

Lending specifications:

Maximum loan amount: $300
Loan tenure: 31 days
Fees and finance charges: 36% APR
Finance charge on a 14-day $100 loan: $1.39

Collection restrictions:

Collection fees: One $30 NSF fee

For Borrowers

Complaint cell:

Regulator: Division of Banking & Financial Institutions (DOA)
Address: 301 South Park, Ste 316, PO Box 200546, Helena, MT 59620-0546
Phone: 406-841-2931
Regulatory contact: Chris Olson, Deputy Commissioner
Website: http://www.banking.mt.gov/default.mcpx
File complaint: https://banking.mt.gov/Complaints

Last Updated on: Mon, 27 Nov 2017

Based on 82 reviews
Years in Business:12 Years