Mont. Code Ann. § 31-1-112
This is the official text of Mont. Code Ann. § 31-1-112, part of Montana’s Code Ann — part of the compiled statutory law of Montana, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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31-1-112 Interest rate limitation exemption -- regulated lenders -- merchant finance
Official statutory text
31-1-112 . Interest rate limitation exemption -- regulated lenders -- merchant finance. (1) A regulated lender, except for a deferred deposit loan licensee or consumer loan licensee, is exempt from all limitations on the rate of interest that it may charge and is exempt from the operation and effect of all usury statutes.
(2) A finance operation that finances transactions between merchants, as defined in 30-2-104 , is also exempt from usury limits.
(2) A finance operation that finances transactions between merchants, as defined in 30-2-104 , is also exempt from usury limits.
Status: in_force · Read it on the official government site
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