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

Updated on:

Was this page helpful?

  • expertise badge
  • This site is verified as a Trusted Site by Best of the Web
  • TrustLink logoTrustLink logo
  • Customer ratings on BBB
  • IAPDA logo
  • Calchamber Member
  • Calbar Registered
  • D&B
  • Godaddy
  • yelp logo