Montana § 31-1-305 - Interest On Loans -- Amount And Computation
Full text of Montana Montana Code Annotated § 31-1-305 — Interest On Loans -- Amount And Computation, with citation guidance and answers to common questions.
§ 31-1-305. Interest On Loans -- Amount And Computation
Interest on loans -- amount and computation. A wage broker may not ask, demand, or receive, either as compensation or interest or in any other manner, directly or indirectly, any compensation or interest for the use of money advanced or loaned by the wage broker to any employee or wage earner in excess of 12% a year. The compensation or rate of interest must be computed upon the amount actually advanced to and received by the employee or wage earner and must include all commissions or compensation whatsoever to the wage broker or any other person for making or procuring the loan.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 31-1-305
What does Montana Code Annotated § 31-1-305 cover?
Section 31-1-305 ("Interest On Loans -- Amount And Computation") 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 § 31-1-305?
A common citation format is "Montana Code Annotated § 31-1-305" (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 § 31-1-305 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.