Mont. Code Ann. » TITLE 32. FINANCIAL INSTITUTIONS · CHAPTER 5. CONSUMER LOAN BUSINESSES · Part 1. General Provisions
Montana Code Annotated

Mont. Code Ann. § 32-5-102 (2026)

Definitions

✓ current as of May 2026
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  1. MCA Contents
  2. TITLE 32
  3. CHAPTER 5
  4. Part 1
  5. 32-5-102 Definitions

TITLE 32. FINANCIAL INSTITUTIONS

CHAPTER 5. CONSUMER LOAN BUSINESSES

Part 1. General Provisions

Definitions

32-5-102. Definitions. For the purposes of this chapter, the following definitions apply:

(1) "Balloon payment" means any repayment option in which the borrower is required to repay the entire amount of any outstanding balance as of a specific date or at the end of a specified term and the aggregate amount of the required minimum periodic payments would not fully amortize the outstanding balance by the specific date or at the end of the loan term.

(2) (a) "Consumer loan" means credit offered or extended to an individual primarily for personal, family, or household purposes, including loans for personal, family, or household purposes that are not primarily secured by a mortgage, deed of trust, trust indenture, or other security interest in real estate.

(b) Consumer loans do not include:

(i) deferred deposit loans provided for in Title 31, chapter 1, part 7; or

(ii) residential mortgage loans as defined in 32-9-103.

(3) "Department" means the department of administration provided for in Title 2, chapter 15, part 10.

(4) "Interest" means the compensation allowed by this chapter for the use, forbearance, or detention of money.

(5) "License" means a license provided for by this chapter.

(6) "Licensee" means the person holding a license.

(7) "Person" means individuals, partnerships, associations, corporations, and all legal entities.

History: En. Sec. 2, Ch. 283, L. 1959; amd. Sec. 1, Ch. 233, L. 1971; amd. Sec. 1, Ch. 172, L. 1975; amd. Sec. 110, Ch. 431, L. 1975; R.C.M. 1947, 47-202; amd. Sec. 1, Ch. 216, L. 1979; amd. Sec. 2, Ch. 274, L. 1981; amd. Sec. 1, Ch. 424, L. 1981; amd. Sec. 1, Ch. 140, L. 1983; amd. Sec. 1, Ch. 374, L. 1997; amd. Sec. 100, Ch. 483, L. 2001; amd. Sec. 7, Ch. 178, L. 2003; amd. Sec. 6, Ch. 221, L. 2003; amd. Sec. 1, Ch. 372, L. 2007; amd. Sec. 2, Ch. 317, L. 2011; amd. Sec. 1, Ch. 173, L. 2013; amd. Sec. 5, Ch. 278, L. 2013.

Notes of Decisions
Cited in 4 cases, 2010–2010 · 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 6× “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Montana Consum. Fin. v. State (Mont. 2010). · cites it 3× “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Bernard Harrington v. State, 2010 MT 185 (Mont. 2010). · cites it 3× “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Bernard Harrington v. State (Mont. 2010). · cites it 3× “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
— Mont. Code Ann. § 32-5-102(2)(a) — 4 cases
Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Montana Consum. Fin. v. State (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Bernard Harrington v. State, 2010 MT 185 (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Bernard Harrington v. State (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
— Mont. Code Ann. § 32-5-102(2)(b) — 4 cases
Montana Consum. Fin. Ass'n v. State Ex Rel. Bullock, 2010 MT 185 (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Montana Consum. Fin. v. State (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Bernard Harrington v. State, 2010 MT 185 (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
Bernard Harrington v. State (Mont. 2010). “See § 32-5-102(2)(a), MCA. They do not include deferred deposit lenders, title lenders, and certain other regulated lenders such as banks and credit unions.”
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