Precomputed interest prohibited

  1. Law
  2. Montana Code Annotated
  3. Financial Institutions
  4. Consumer Loan Businesses
  5. Operation of Business -- Restrictions and Requirements
  6. Precomputed interest prohibited

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32-5-311. Precomputed interest prohibited. 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.

History: En. Sec. 14, Ch. 173, L. 2013.


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