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MT · LOAN-AGMT · Updated July 2026 · Free

Montana Loan Agreement

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Montana at a glance: Usury Cap: 6% above prime rate · Governing Law: Montana Code Title 31

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Overview

Loan Agreements in Montana

Montana caps interest rates on written contracts at 6 percentage points above the prime rate published by the Federal Reserve (Mont. Code § 31-1-107).
Key Facts

Montana Loan Agreement — Quick Reference

RequirementMontana Rule
Usury Cap6% above prime rate
Governing LawMontana Code Title 31
Legal Requirements

Montana Legal Requirements

  • Interest rates must adhere to the floating usury limit based on Federal Reserve prime rate adjustments.
Governing Laws

Montana Governing Laws

Mont. Code § 31-1-107
Interest Rate Allowed
Sets written interest rate caps.

Read the full text of these laws at Cornell Law School's Montana legal resources or your state legislature's official website.

Questions & Answers

Montana Loan Agreement — Frequently Asked Questions

What is the default contract interest rate in Montana?

The default rate is 10% per year.