Mont. Code Ann. § 31-1-113
This is the official text of Mont. Code Ann. § 31-1-113, 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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31-1-113 Limitation of rule of 78ths
Official statutory text
31-1-113 . Limitation of rule of 78ths. The sum of the monthly time balances method of computing interest or refunds on prepayment, which is also known as the rule of 78ths, may not be used in any loan agreement or retail installment contract unless the term of the loan or contract does not exceed 61 months.
Status: in_force · Read it on the official government site
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