Mont. Code Ann. » TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS · CHAPTER 1. CREDIT TRANSACTIONS · Part 1. Loans of Money -- Interest Rates
Montana Code Annotated

Mont. Code Ann. § 31-1-111 (2026)

Definition Of Regulated Lender

✓ current as of May 2026
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  1. MCA Contents
  2. TITLE 31
  3. CHAPTER 1
  4. Part 1
  5. 31-1-111 Definition of regulated lender

TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS

CHAPTER 1. CREDIT TRANSACTIONS

Part 1. Loans of Money -- Interest Rates

Definition Of Regulated Lender

31-1-111. Definition of regulated lender. The term "regulated lender", as used in 31-1-112 and 31-1-116, means:

(1) a bank, building and loan association, savings and loan association, trust company, credit union, credit association, consumer loan licensee, deferred deposit loan licensee, residential mortgage lender licensee, development corporation, bank holding company, or mutual or stock insurance company organized pursuant to state or federal statutory authority and subject to supervision, control, or regulation by:

(a) an agency of the state of Montana; or

(b) an agency of the federal government;

(2) a subsidiary of an entity described in subsection (1);

(3) a Montana state agency or a federal agency that is authorized to lend money;

(4) a corporation or other entity established by congress or the state of Montana that is owned, in whole or in part, by the United States or the state of Montana and that is authorized to lend money.

History: En. Sec. 1, Ch. 275, L. 1981; amd. Sec. 1, Ch. 9, L. 1983; amd. Sec. 1, Ch. 406, L. 1985; amd. Sec. 1, Ch. 294, L. 1991; amd. Sec. 2, Ch. 140, L. 2001; amd. Sec. 33, Ch. 369, L. 2007; amd. Sec. 1, Ch. 451, L. 2007; amd. Sec. 1, Ch. 497, L. 2007; amd. Sec. 2, Ch. 278, L. 2013.

Notes of Decisions
Cited in 5 cases, 2007–2010 · leading case: Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010).
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Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010). · cites it 10× “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
Chabot v. Washington Mut. Bank (In Re Chabot), 369 B.R. 1 (Bankr. D. Mont. 2007). “” MCA § 31-1-111. WaMu is a bank. Thus Chabot’s state and federal usury claims are barred by the two-year statutes of limitations, and the Montana usury state does not apply to WaMu, which is entitled to summary judgment dismissing Chabot’s state and federal usury claims.”
Montana Consum. Fin. v. State (Mont. 2010). · cites it 5× “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
Bernard Harrington v. State, 2010 MT 185 (Mont. 2010). · cites it 5× “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
Bernard Harrington v. State (Mont. 2010). · cites it 5× “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
— Mont. Code Ann. § 31-1-111(1) — 4 cases
Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010). “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
Montana Consum. Fin. v. State (Mont. 2010). “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
Bernard Harrington v. State, 2010 MT 185 (Mont. 2010). “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
Bernard Harrington v. State (Mont. 2010). “Section 31-1-111(1), MCA. These “businesses” are exempt from all limitations on the rate of interest that they may charge and are also exempt from the operation and effect of all usury statutes.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.