Montana § 7-13-2288 - Interest Rate On Unpaid Assessments
Full text of Montana Montana Code Annotated § 7-13-2288 — Interest Rate On Unpaid Assessments, with citation guidance and answers to common questions.
§ 7-13-2288. Interest Rate On Unpaid Assessments
Interest rate on unpaid assessments. The installments of assessments remaining unpaid bear simple interest at an annual rate equal to: (1) the sum of: (a) the average interest rate payable on the outstanding bonds issued to finance the improvement in respect of which the special assessments are levied; plus (b) additional interest at a rate to be determined by the board of directors, not exceeding 2% a year; or (2) if bonds are not issued to finance the improvements, at an interest rate to be determined by the board of directors, but not to exceed 10% a year.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-13-2288
What does Montana Code Annotated § 7-13-2288 cover?
Section 7-13-2288 ("Interest Rate On Unpaid Assessments") 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 § 7-13-2288?
A common citation format is "Montana Code Annotated § 7-13-2288" (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 § 7-13-2288 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.