Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.59 - BANKING AND FINANCIAL INSTITUTIONS
Subchapter 2.59.15 - Deferred Deposit Lending
Rule 2.59.1508 - SCHEDULE OF CHARGES
Universal Citation: MT Admin Rules 2.59.1508
Current through Register Vol. 18, September 20, 2024
(1) Every licensee under the Montana Deferred Deposit Loan Act shall file with the commissioner in duplicate, at the time of filing application for such license or license renewal, a full and accurate schedule of all charges, fees, and costs as follows:
(a) interest rate;
(b) nonsufficient fund fees; and
(c) examples of typical loan amounts
including principal, interest, and fees. (2) Licensees shall display such
schedule prominently in each licensed place of business where loans are made or
negotiated so as to be easily readable by borrowers and prospective
borrowers.
31-1-702, MCA; IMP, 31-1-721, MCA;
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