27 apr. Montana constraints attention into individual fund so you can thirty-six% per year, private of your fees signed up by Mont
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26. MONTANA: True to form for the “M” states, no license is needed for a commercial loan broker or lender. Mortgage lenders and consumer lenders do need licenses. A consumer license is required for any person that engages, directly or indirectly, in the business of making consumer loans in any amount. Code Ann. 32-5-301(3) and (4) (2019). Any loan made or collected in violation of Mont. Code Ann. § 32-5-103(1) by a person other than a licensee or a person exempt under Mont. Code Ann. § 32-5-103(5) is void, and the person does not have the right to collect, receive, or retain any principal, interest, fees, or other charges. Pretty fierce penalty, so best to heed that law.