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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
| Requirement | Montana Rule |
|---|---|
| Usury Limit | 10% per year |
| Governing Law | Mont. Code § 31-1-107 |
Legal Requirements
Montana Legal Requirements
- Interest rates must remain within the 10% annual limit.
Governing Laws
Montana Governing Laws
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.