The Montana Cash Advance Law and Legislation

The Montana Cash Advance Law and Legislation Montana features a limitation on pay day loans available in the continuing state: $50-$300. The minimum loan term is week or two; the utmost loan term is 31 times. The APR is capped at 36%, loan providers cannot set greater prices due to their loans. Rollovers aren’t permitted. Unlawful actions against borrowers are forbidden. From 1999 to 2010 Montana had been someplace to be always a lender that is payday. The industry flourished and interest levels reached 400%. But, the specific situation changed with all the passage through of HB 118. At the time of today, payday loan providers can lawfully run into… Read More

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