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Montana Promissory Note

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Montana at a glance: Usury Limit: 10% per year · Governing Law: Mont. Code § 31-1-107

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Overview

Promissory Notes in Montana

Montana restricts interest rates to 10% per year, or 6% above the Federal Reserve discount rate.
Key Facts

Montana Promissory Note — Quick Reference

RequirementMontana Rule
Usury Limit10% per year
Governing LawMont. Code § 31-1-107
Legal Requirements

Montana Legal Requirements

  • Interest rates must remain within the 10% annual limit.
Governing Laws

Montana Governing Laws

Mont. Code § 31-1-107
Interest Rate Cap
Limits contract interest rates to 10% per year.

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 Promissory Note — Frequently Asked Questions

What is the usury limit in Montana?

The ceiling is 10% per year.