Home » Payday Loan Laws » MontanaPayday loan laws in MontanaStatus: Legal (Mont. Code Ann. 31-1-701)For LendersLending 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 BorrowersComplaint 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

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