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Montana Interest Rates Laws
More Information on Interest Rate Laws
| Legal Maximum Rate of Interest | 10% (§31-1-106); 15% maximum rate by written agreement, up to 6 percentage points above prime rate of major New York banks (§31-1-107) |
| Penalty for Usury (Unlawful Interest Rate) | Forfeiture of double interest received (§31-1-108) |
| Interest Rates on Judgments | 10% or contract rate (§25-9-205) |
| Exceptions | Regulated lenders and the finance operation that finances transactions between merchants (§31-1-112) |
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