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. § 31-1-112 (2026)

Interest Rate Limitation Exemption -- Regulated Lenders -- Merchant Finance

✓ current as of May 2026
Find cases: SyfertCases citing this section MT-LEGleg.mt.gov JustiaTitle on Justia CornellLII Search CasesGoogle Scholar
  1. MCA Contents
  2. TITLE 31
  3. CHAPTER 1
  4. Part 1
  5. 31-1-112 Interest rate limitation exemption -- regulated lenders -- merchant finance

TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS

CHAPTER 1. CREDIT TRANSACTIONS

Part 1. Loans of Money -- Interest Rates

Interest Rate Limitation Exemption -- Regulated Lenders -- Merchant Finance

31-1-112. Interest rate limitation exemption -- regulated lenders -- merchant finance. (1) A regulated lender, except for a deferred deposit loan licensee or consumer loan licensee, is exempt from all limitations on the rate of interest that it may charge and is exempt from the operation and effect of all usury statutes.

(2) A finance operation that finances transactions between merchants, as defined in 30-2-104, is also exempt from usury limits.

History: (1)En. Sec. 2, Ch. 275, L. 1981; (2)En. Sec. 4, Ch. 276, L. 1981; amd. Sec. 1, Ch. 9, L. 1983; amd. Sec. 1, Ch. 22, L. 1983; amd. Sec. 2, I.M. No. 164, approved Nov. 2, 2010; amd. Sec. 3, Ch. 278, L. 2013.

Notes of Decisions
Cited in 5 cases, 2004–2010 · leading case: Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010).
Sort: Relevance Newest Treatment
Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010). · cites it 14× “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
James R. v. Assocs. Fin. Servs. Co., 2004 MT 397 (Mont. 2004). · cites it 10× “That provision of the Act incorporates § 31-1-112, MCA, 23 which also exempts Appellants from the “operation and effect” of all usury laws.”
Montana Consum. Fin. v. State (Mont. 2010). · cites it 7× “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
Bernard Harrington v. State, 2010 MT 185 (Mont. 2010). · cites it 7× “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
Bernard Harrington v. State (Mont. 2010). · cites it 7× “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
— Mont. Code Ann. § 31-1-112(1) — 5 cases
Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010). “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
James R. v. Assocs. Fin. Servs. Co., 2004 MT 397 (Mont. 2004). “That provision of the Act incorporates § 31-1-112, MCA, 23 which also exempts Appellants from the “operation and effect” of all usury laws.”
Montana Consum. Fin. v. State (Mont. 2010). “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
Bernard Harrington v. State, 2010 MT 185 (Mont. 2010). “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
Bernard Harrington v. State (Mont. 2010). “Sections 2 and 6 of I-164 amend §§ 31-1-112 and -722, MCA, respectively, to limit the permissible finance charge deferred deposit lenders may charge to 36% per annum.”
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.