reglab/housing_qa huggingface dataset:
MT Code § 31-1-237 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 2. Retail Installment Sales|31-1-237. through 31-1-240 reserved

  31-1-237 through 31-1-240 reserved.
MT Code § 31-1-241 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 2. Retail Installment Sales|31-1-241. Finance charge limitation

  31-1-241. Finance charge limitation. (1) The finance charge included in a retail installment contract must be at a rate agreed upon by the retail seller and the buyer, but the finance charge may not exceed 36% per annum.   (2) The finance charge included in a retail charge account agreement must be at a rate agreed upon by the retail seller and the buyer, but the finance charge may not exceed 36% per annum.   (3) The finance charge must be computed from month to month (which need not be a calendar month) or over another regular billing cycle period by using either:   (a) the average daily balance in the account in the billing cycle period; or   (b) the ending balance of the account as of the last day of the billing cycle period less the amount of total purchases charged to the account during that billing cycle.   (4) A seller may change the terms of a revolving charge account whether or not the change is authorized by prior agreement. The seller shall give the buyer written notice of any change at least 45 days before the effective date of the change.   (5) If the retail seller increases the finance charge on a retail charge account agreement, then the increased rate may only be applied to the balance consisting of purchases on other charges incurred on or after the effective date of the increase.   (6) For purposes of determining the balance to which the increased rate applies, all payments may be considered to be applied to the balance existing prior to the change in rate until that balance is paid in full.   (7) If the finance charge determined pursuant to subsection (3) for a monthly period is less than 50 cents, a maximum finance charge not in excess of 50 cents may be charged and collected for the period.   History: En. Sec. 8, Ch. 282, L. 1959; amd. Sec. 11-152, Ch. 264, L. 1963; amd. Sec. 2, Ch. 416, L. 1971; amd. Sec. 1, Ch. 252, L. 1975; amd. Sec. 1, Ch. 284, L. 1977; R.C.M. 1947, 74-608; amd. Sec. 2, Ch. 160, L. 1979; amd. Secs. 1, 2, Ch. 276, L. 1981; amd. Secs. 1, 3, Ch. 22, L. 1983; amd. Sec. 2, Ch. 297, L. 1987; amd. Sec. 1, Ch. 267, L. 1997; amd. Sec. 4, I.M. No. 164, approved Nov. 2, 2010; amd. Sec. 10, Ch. 63, L. 2013.
MT Code § 31-1-242 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 2. Retail Installment Sales|31-1-242. Refunds on prepayment

  31-1-242. Refunds on prepayment. Notwithstanding any other provision of law or terms of any retail installment contract to the contrary, any buyer may prepay in full, at any time before maturity, the debt of any retail installment contract and upon paying the debt must receive a refund credit for the anticipation of payments on a precomputed contract or for any other unearned fees calculated by use of the actuarial method. The refund amount is the portion of the original finance charge that is applicable to all fully unexpired months in the contract as originally scheduled or, if deferred, as deferred, following the date of prepayment.   History: En. Sec. 9, Ch. 282, L. 1959; R.C.M. 1947, 74-609; amd. Sec. 1, Ch. 135, L. 1983; amd. Sec. 11, Ch. 63, L. 2013.
MT Code § 31-1-243 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 2. Retail Installment Sales|31-1-243. Refinancing retail installment contract

  31-1-243. Refinancing retail installment contract. The holder of a contract, upon request by the buyer, may extend the scheduled due date of all or any part of any installment or installments or defer payment or payments or renew or restate the unpaid time balance of the contract, the amount of the installments, and the time schedule for the installments and may collect for the extension, deferment, renewal, or restatement a refinance charge. The holder may compute the refinance charge on the unpaid time balance to be extended, deferred, renewed, or restated by adding to the unpaid time balance the cost for any insurance and other benefits incidental to the refinancing plus any accrued delinquency and collection charges, after deducting any refund that may be due the buyer as for a prepayment pursuant to 31-1-242 at the rate of the finance charge specified in 31-1-241. If all unpaid installments are deferred for not more than 2 months, the holder may charge and collect for the deferment an amount equal to the difference between the refund required for prepayment in full under 31-1-242 as of the scheduled due date of the first deferred installment and the refund required for prepayment in full as of 1 month prior to the date, times the number of months in which a scheduled payment is not made.   History: En. Sec. 10, Ch. 282, L. 1959; amd. Sec. 2, Ch. 284, L. 1977; R.C.M. 1947, 74-610; amd. Sec. 2, Ch. 88, L. 1979; amd. Sec. 3, Ch. 276, L. 1981; amd. Sec. 1, Ch. 22, L. 1983; amd. Sec. 976, Ch. 56, L. 2009.
MT Code § 31-1-301 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-301. Wage brokers to procure license and give bond

  31-1-301. Wage brokers to procure license and give bond. No person, company, corporation, or association may establish or conduct the business of wage broker within the state unless such person, company, corporation, or association procures a license from the proper authorities and executes a bond in such sum as the authorities may require for the faithful carrying out of the provisions of this part and of the ordinances of any town or city in which the business may be carried on.   History: En. Sec. 1, Ch. 56, L. 1911; re-en. Sec. 4173, R.C.M. 1921; re-en. Sec. 4173, R.C.M. 1935; R.C.M. 1947, 41-1501; amd. Sec. 3, Ch. 88, L. 1979.
MT Code § 31-1-302 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-302. Issuance of license -- terms and amount thereof

  31-1-302. Issuance of license -- terms and amount thereof. The board of county commissioners of any county in this state or, in case said business be carried on in any incorporated city or town, the city council or board of trustees of said city or town may in its discretion, from time to time, grant licenses to any person or persons, company, corporation, or association to conduct or carry on the business of wage broker upon payment of such sum therefor and upon such terms and conditions as the said board of county commissioners or city council or board of trustees shall by resolution or ordinance require.   History: En. Sec. 2, Ch. 56, L. 1911; re-en. Sec. 4174, R.C.M. 1921; re-en. Sec. 4174, R.C.M. 1935; R.C.M. 1947, 41-1502.
MT Code § 31-1-303 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-303. Wage broker defined

  31-1-303. Wage broker defined. Any person, company, corporation, or association parting with, giving, or loaning money, either directly or indirectly, to any employee or wage earner, upon the security of or in consideration of any assignment or transfer of wages or salary of such employee or wage earner, shall be deemed to be a wage broker within the meaning of this part.   History: En. Sec. 3, Ch. 56, L. 1911; re-en. Sec. 4175, R.C.M. 1921; re-en. Sec. 4175, R.C.M. 1935; R.C.M. 1947, 41-1503.
MT Code § 31-1-304 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-304. Restrictions upon assignment of wages or salary

  31-1-304. Restrictions upon assignment of wages or salary. An assignment of wages or salary by any employee or wage earner to any wage broker for the employee's or wage earner's benefit is not valid or enforceable, and an employer or debtor may not recognize or honor the assignment for any purpose whatever unless the assignment is for a fixed and definite part or all of the wages or salary earned.   History: En. Sec. 4, Ch. 56, L. 1911; re-en. Sec. 4176, R.C.M. 1921; re-en. Sec. 4176, R.C.M. 1935; R.C.M. 1947, 41-1504; amd. Sec. 977, Ch. 56, L. 2009.
MT Code § 31-1-305 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-305. Interest on loans -- amount and computation

  31-1-305. 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.   History: En. Sec. 5, Ch. 56, L. 1911; re-en. Sec. 4177, R.C.M. 1921; re-en. Sec. 4177, R.C.M. 1935; R.C.M. 1947, 41-1505; amd. Sec. 978, Ch. 56, L. 2009.
MT Code § 31-1-306 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-306. Spouse must join in assignment of wages -- acknowledgment

  31-1-306. Spouse must join in assignment of wages -- acknowledgment. No assignment of wages or salary to a wage broker by a married person who shall have a spouse residing in this state shall be valid or enforceable without the consent of such spouse, evidenced by the spouse's signature to said assignment, executed and acknowledged before a notary public or other officer empowered to take acknowledgments. No wage broker or person connected with a wage broker, directly or indirectly, shall be authorized to take any such acknowledgments.   History: En. Sec. 6, Ch. 56, L. 1911; re-en. Sec. 4178, R.C.M. 1921; re-en. Sec. 4178, R.C.M. 1935; amd. Sec. 23, Ch. 535, L. 1975; R.C.M. 1947, 41-1506.
MT Code § 31-1-307 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-307. Assignments invalid without notice to employer -- filing assignments

  31-1-307. Assignments invalid without notice to employer -- filing assignments. No assignment of wages or salary to a wage broker shall be valid or enforceable unless notice in writing of the same, accompanied by a copy of the assignment, shall be given to the employer within 1 day from the date of its execution. All assignments shall be filed in the office of the county clerk of the county where the assignor resides, and no assignment shall be valid unless so filed.   History: En. Sec. 7, Ch. 56, L. 1911; re-en. Sec. 4179, R.C.M. 1921; re-en. Sec. 4179, R.C.M. 1935; R.C.M. 1947, 41-1507.
MT Code § 31-1-308 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-308. Assignment to be considered a loan

  31-1-308. Assignment to be considered a loan. Every purchase by a wage broker of an assignment of the wages or salary of any employee or wage earner shall be held and considered a loan, in the sum of the amount actually paid to and received by such employee or wage earner, and shall be subject to all the provisions of this part.   History: En. Sec. 8, Ch. 56, L. 1911; re-en. Sec. 4180, R.C.M. 1921; re-en. Sec. 4180, R.C.M. 1935; R.C.M. 1947, 41-1508.
MT Code § 31-1-309 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-309. Violation -- penalties

  31-1-309. Violation -- penalties. Any person, company, corporation, or association and any officer, member, agent, or employee thereof violating any or either of the provisions of 31-1-301 to 31-1-308, both inclusive, shall be deemed guilty of a misdemeanor and upon conviction shall be liable to a fine in the sum of not less than $100 or more than $500 for each offense or to imprisonment in the county jail for a period not to exceed 90 days, or both, and in addition thereto the debt and accrued interest thereon shall be discharged and the security shall be void.   History: En. Sec. 9, Ch. 56, L. 1911; re-en. Sec. 4181, R.C.M. 1921; amd. Sec. 1, Ch. 112, L. 1929; re-en. Sec. 4181, R.C.M. 1935; R.C.M. 1947, 41-1509.
MT Code § 31-1-310 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 3. Wage Brokers|31-1-310. When note, instrument, or assignment void

  31-1-310. When note, instrument, or assignment void. Any note, bill, or other evidence of indebtedness and any assignment of wages or salary given to or received by any wage broker in violation of any of the provisions of this part shall be void as against the creditors of the assignor or transferor.   History: En. Sec. 10, Ch. 56, L. 1911; re-en. Sec. 4182, R.C.M. 1921; re-en. Sec. 4182, R.C.M. 1935; R.C.M. 1947, 41-1510.
MT Code § 31-1-401 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 4. Pawnbrokers|31-1-401. Interest pawnbrokers may receive -- civil enforcement -- prohibited activities

  31-1-401. Interest pawnbrokers may receive -- civil enforcement -- prohibited activities. (1) A person may not carry on the business of pawnbroker or junk dealer by receiving goods pawned or in pledge for loans at any rate of interest above 10% a year without first obtaining a license. A pawnbroker or junk dealer or the pawnbroker's or junk dealer's employees or agents may not charge a fee of more than 25% of the amount of the loan for a 30-day period. The fee for extending a pawn agreement for 30 days may not exceed 25% of the amount of the loan. For purposes of this section, a fee includes all costs or fees charged, including but not limited to interest, commission, discount, storage, care of property, and purchase option.   (2) The taking, receiving, reserving, or charging of a fee greater than that allowed under subsection (1) is considered a forfeiture of a sum double the amount of the fee for storage or caring that was agreed to be paid.   (3) (a) When a rate or charge greater than that provided for in subsection (1) has been paid, the person by whom it has been paid may recover from the pawnbroker or junk dealer reasonable attorney fees and an amount double the amount of the fee paid.   (b) An action under this subsection (3) must be brought within 2 years after the payment of the fee. Before a suit may be brought, the party bringing suit shall make written demand for return of the fee paid.   (4) Unless licensed as a consumer loan licensee or a deferred deposit loan licensee, a pawnbroker or junk dealer may not:   (a) cash or advance money for a postdated or deferred presentment check in exchange for a fee or finance charge;   (b) use a check, authorization for electronic access, or other method of access to a deposit account, savings account, or other financial or asset account as a condition of or security for an extension of credit;   (c) receive the title to a motor vehicle for the purpose of a pawn transaction or in pledge for a loan; or   (d) engage in any device or subterfuge intended to evade the requirements of this chapter, including assisting a borrower to obtain a loan at a rate of interest prohibited by Montana law, making loans disguised as personal property sales and leaseback transactions, or disguising loan proceeds as cash rebates for the pretextual installment sale of goods or services.   (5) In addition to other penalties provided by law, a violation of subsection (4) is a violation of Title 30, chapter 14, part 1.   History: En. Secs. 1 to 8, pp. 206-207, L. 1889; amd. Sec. 3310, Pol. C. 1895; Sec. 2105, Rev. C. 1907; re-en. Sec. 4186, R.C.M. 1921; re-en. Sec. 4186, R.C.M. 1935; amd. Sec. 12, Ch. 185, L. 1977; R.C.M. 1947, 66-1601; amd. Sec. 1, Ch. 258, L. 1993; amd. Sec. 5, I.M. No. 164, approved Nov. 2, 2010; amd. Sec. 4, Ch. 278, L. 2013.
MT Code § 31-1-402 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 4. Pawnbrokers|31-1-402. Pawnbroker to keep register

  31-1-402. Pawnbroker to keep register. (1) Every pawnbroker or junk dealer shall keep a register, in which must be entered a description of every article pawned to or purchased by the pawnbroker or junk dealer, with:   (a) the date of the pawning or purchasing;   (b) the date when the article must be redeemed;   (c) the name of the person who pawned or sold the article; and   (d) the amount loaned on or paid for the article.   (2) The register must be made available for inspection and examination by any peace officer.   History: En. Secs. 1 to 8, pp. 206-207, L. 1889; amd. Sec. 3315, Pol. C. 1895; re-en. Sec. 2110, Rev. C. 1907; re-en. Sec. 4191, R.C.M. 1921; re-en. Sec. 4191, R.C.M. 1935; R.C.M. 1947, 66-1606; amd. Sec. 979, Ch. 56, L. 2009; amd. Sec. 1, Ch. 222, L. 2015.
MT Code § 31-1-403 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 4. Pawnbrokers|31-1-403. Repealed

  31-1-403. Repealed. Sec. 2, Ch. 344, L. 1993.   History: En. Secs. 1 to 8, pp. 206-207, L. 1889; amd. Sec. 3311, Pol. C. 1895; re-en. Sec. 2106, Rev. C. 1907; re-en. Sec. 4187, R.C.M. 1921; re-en. Sec. 4187, R.C.M. 1935; amd. Sec. 54, Ch. 359, L. 1977; R.C.M. 1947, 66-1602.
MT Code § 31-1-404 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 4. Pawnbrokers|31-1-404. Repealed

  31-1-404. Repealed. Sec. 2, Ch. 344, L. 1993.   History: En. Secs. 1 to 8, pp. 206-207, L. 1889; amd. Sec. 3312, Pol. C. 1895; re-en. Sec. 2107, Rev. C. 1907; re-en. Sec. 4188, R.C.M. 1921; re-en. Sec. 4188, R.C.M. 1935; R.C.M. 1947, 66-1603.
MT Code § 31-1-405 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 4. Pawnbrokers|31-1-405. Repealed

  31-1-405. Repealed. Sec. 2, Ch. 344, L. 1993.   History: En. Secs. 1 to 8, pp. 206-207, L. 1889; amd. Sec. 3313, Pol. C. 1895; re-en. Sec. 2108, Rev. C. 1907; re-en. Sec. 4189, R.C.M. 1921; re-en. Sec. 4189, R.C.M. 1935; R.C.M. 1947, 66-1604.
MT Code § 31-1-406 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 4. Pawnbrokers|31-1-406. Repealed

  31-1-406. Repealed. Sec. 2, Ch. 344, L. 1993.   History: En. Secs. 1 to 8, pp. 206-207, L. 1889; amd. Sec. 3314, Pol. C. 1895; re-en. Sec. 2109, Rev. C. 1907; re-en. Sec. 4190, R.C.M. 1921; re-en. Sec. 4190, R.C.M. 1935; R.C.M. 1947, 66-1605.
MT Code § 31-1-407 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 4. Pawnbrokers|31-1-407. Violation a misdemeanor

  31-1-407. Violation a misdemeanor. A violation of any of the provisions of this part is a misdemeanor.   History: En. Secs. 1 to 8, pp. 206-207, L. 1889; amd. Sec. 3316, Pol. C. 1895; re-en. Sec. 2111, Rev. C. 1907; re-en. Sec. 4192, R.C.M. 1921; re-en. Sec. 4192, R.C.M. 1935; amd. Sec. 21, Ch. 513, L. 1973; amd. Sec. 13, Ch. 185, L. 1977; R.C.M. 1947, 66-1607.
MT Code § 31-1-501 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 5. Retail Sales -- Late Payment Charges|31-1-501. Late payment charges -- accounts receivable for merchandise sold at retail

  31-1-501. Late payment charges -- accounts receivable for merchandise sold at retail. (1) Notwithstanding 31-1-106 or 31-1-107, a person who sells goods, as defined in 31-1-202, at retail to a retail buyer who promises to pay for such goods upon presentation of the bill therefor, may charge and collect a late payment charge not greater than 1 1/2% per month on all money due on all accounts from 30 days after the date on which the obligation of the buyer to pay is incurred.   (2) The late payment charge provided in this section may be charged only if at the time the obligation was incurred the seller did not intend to extend any credit beyond 30 days and any late payment of the obligation was unintended.   (3) The provisions of this section do not apply to money due for intangible services, for services regulated by the public service commission, for real property, for health care services, or for retail installment sales contracts or retail charge account agreements regulated under Title 31, chapter 1, part 2.   History: En. Sec. 1, Ch. 222, L. 1981.
MT Code § 31-1-502 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 5. Retail Sales -- Late Payment Charges|31-1-502. Periodic statement to be furnished to debtor

  31-1-502. Periodic statement to be furnished to debtor. (1) A seller may charge the late payment charge provided for in 31-1-501 only if the seller promptly supplies the buyer with a statement as of the end of each monthly period or other regular period agreed upon by the seller and the buyer in which there is any unpaid balance. The statement must recite the following:   (a) the percentage amount of the late payment charge that will be charged beginning 30 days after the obligation is incurred;   (b) the unpaid balance at the beginning or end of the period;   (c) an identification of any amounts debited to the buyer's account during the period;   (d) the payments made by the buyer to the seller during the period;   (e) the amount of the late payment charge and also the percentage annual simple interest equivalent of the amount; and   (f) a legend to the effect that the buyer may at any time pay the total unpaid balance.   (2) The items need not be stated in the sequence or order set forth in subsection (1). Additional items may be included to explain the computations made in determining the amount to be paid by the buyer.   History: En. Sec. 2, Ch. 222, L. 1981; amd. Sec. 980, Ch. 56, L. 2009.
MT Code § 31-1-601 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 6. State-Sponsored Credit Card (Repealed)|31-1-601. Repealed

  31-1-601. Repealed. Sec. 2, Ch. 252, L. 1995.   History: En. Sec. 1(4), Ch. 637, L. 1989.
MT Code § 31-1-602 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 6. State-Sponsored Credit Card (Repealed)|31-1-602. Repealed

  31-1-602. Repealed. Sec. 2, Ch. 252, L. 1995.   History: En. Sec. 1(1), (2), Ch. 637, L. 1989; amd. Sec. 9, Ch. 593, L. 1993.
MT Code § 31-1-603 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 6. State-Sponsored Credit Card (Repealed)|31-1-603. Repealed

  31-1-603. Repealed. Sec. 2, Ch. 252, L. 1995.   History: En. Sec. 1(3), Ch. 637, L. 1989.
MT Code § 31-1-701 (2021)
2021 Montana Code Annotated|Title 31. Credit Transactions and Relationships|Chapter 1. Credit Transactions|Part 7. Montana Deferred Deposit Loan Act|31-1-701. Short title

  31-1-701. Short title. This part may be cited as the "Montana Deferred Deposit Loan Act".   History: En. Sec. 1, Ch. 404, L. 1999.