Montana § 31-1-112 - Interest Rate Limitation Exemption -- Regulated Lenders -- Merchant Finance
Full text of Montana Montana Code Annotated § 31-1-112 — Interest Rate Limitation Exemption -- Regulated Lenders -- Merchant Finance, with citation guidance and answers to common questions.
§ 31-1-112. Interest Rate Limitation Exemption -- Regulated Lenders -- Merchant Finance
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.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 31-1-112
What does Montana Code Annotated § 31-1-112 cover?
Section 31-1-112 ("Interest Rate Limitation Exemption -- Regulated Lenders -- Merchant Finance") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 31-1-112?
A common citation format is "Montana Code Annotated § 31-1-112" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 31-1-112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.