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4 chapters · 155 sections in this title.
Mont. Code Ann. § 31-1-704 Scope
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(1) This part applies to deferred deposit lenders and to persons who facilitate, enable, or act as a conduit for persons making deferred deposit loans. (2) This part does not apply to retail sellers who cash checks incidental to or independent of a sale and who do not charge more…
Mont. Code Ann. § 31-1-705 License -- Application Requirements -- Business Locations
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(1) A person may not engage in or offer to engage in the business of making deferred deposit loans unless licensed by the department. A license may be granted to a person located within the state or to a person located outside of the state who uses the internet, facsimiles, or th…
Mont. Code Ann. § 31-1-706 License Renewal Fee
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(1) A person licensed under 31-1-705 shall pay an annual license renewal fee of $500 for each license that the person holds under this part. (2) The department may direct that fees due the department under subsection (1) be remitted to the department through a nationwide licensin…
Mont. Code Ann. § 31-1-707 Denial Of License And License Renewal
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(1) (a) Except as provided in subsection (1)(b), the department shall deny any new license or refuse to renew any license if: (i) the applicant does not meet the qualifications stated in this part or in rules adopted pursuant to this part; (ii) the department finds that the crimi…