Montana § 7-6-402 - Interest Assessed On Amounts Due
Full text of Montana Montana Code Annotated § 7-6-402 — Interest Assessed On Amounts Due, with citation guidance and answers to common questions.
§ 7-6-402. Interest Assessed On Amounts Due
Interest assessed on amounts due. (1) Except as provided in 7-6-403 , a county or municipality shall pay simple interest at the rate of 0.05% each day on amounts due for supplies and services received if the county or municipality fails to make timely payment. (2) For purposes of this section, payment is timely if a warrant is mailed or is otherwise made available to the payee when due and for the amount specified in the applicable contract or agreement. If no date is specified in the applicable contract or agreement, payment is timely if paid within 35 days after receipt of a properly completed invoice, addressed to the payer county or municipality, or receipt of the supplies or services by the county or municipality, whichever is later.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 7-6-402
What does Montana Code Annotated § 7-6-402 cover?
Section 7-6-402 ("Interest Assessed On Amounts Due") 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 § 7-6-402?
A common citation format is "Montana Code Annotated § 7-6-402" (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 § 7-6-402 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.