Personal loans in Montana
Consumer lending in Montana is regulated by the Montana Division of Banking & Financial Institutions. Below are the sourced rules that affect what a lender can charge you, followed by the cities we cover.
Lending rules in Montana
| Payday lending | Permitted and regulated — maximum loan amount: The minimum amount of a deferred deposit loan is $50 and the amount, exclusive of fees allowed, may not exceed $300; maximum loan term: A deferred deposit loan may not have a term that exceeds 31 days. Finance charges: A licensee may not charge a fee for making or carrying each deferred deposit loan authorized by this part that exceeds 36% per annum, exclusive of the insufficient funds feesSource: National Conference of State Legislatures · as of 2023 |
|---|---|
| Small-loan / installment licensing | Consumer lenders must obtain a state license (Yes). Statutory basis: Mont. Code Ann. §§ 32-5-101 et seq. Licensing administered through NMLS: Yes.Source: Conference of State Bank Supervisors · as of 2026 |
| Interest rate cap (usury limit) | Usury limit: 10% (31-1-106, MCA);15% for written agreements (31-1-107, MCA). Finance rates and fees for licensed lenders: 36% per annum. CSBS 50-state survey of consumer finance laws; state-verified usury catalog.Source: Conference of State Bank Supervisors · as of 2026 |
| Consumer lending regulator | Consumer lenders in Montana are licensed and supervised by the Montana Division of Banking & Financial Institutions.Source: Conference of State Bank Supervisors · as of 2026 |
| Debt collection rules | Third-party debt collectors must comply with the federal Fair Debt Collection Practices Act (FDCPA), 15 U.S.C. § 1692 et seq.; state consumer-protection and debt-collection enforcement is handled by the Montana Department of Justice, Office of the Attorney General. The FDCPA expressly authorizes state attorneys general to enforce it (15 U.S.C. § 1692l). Some states also require collection agencies to be licensed.Source: Montana Department of Justice, Office of the Attorney General · as of 2026 |
| Military lending protections | The federal Military Lending Act (MLA) caps the Military Annual Percentage Rate (MAPR) at 36% for consumer credit extended to active-duty service members, their spouses and certain dependents, and bars mandatory arbitration and prepayment penalties on covered loans. Federal protection that applies nationwide, including in this state.Source: Consumer Financial Protection Bureau · as of 2024 |
| Complaint / licensing lookup | Check whether a lender holds a state license through NMLS Consumer Access (nmlsconsumeraccess.org) or the Montana Division of Banking & Financial Institutions; consumers can file complaints with the Montana Division of Banking & Financial Institutions or the CFPB at consumerfinance.gov/complaint.Source: Nationwide Multistate Licensing System (NMLS) Consumer Access · as of 2026 |
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Cities in Montana
BillingsMissoulaGreat FallsBozemanButteHelenaKalispellBelgradeHavreAnacondaHelena Valley SoutheastHelena Valley West CentralMiles CityLivingstonEvergreenWhitefishLaurelLockwoodSidneyLewistownFour CornersColumbia FallsOrchard HomesPolsonGlendiveBigforkHelena Valley NorthwestHamiltonLoloMalmstrom AFBDillonHardinHelena Valley NortheastNorth BrowningGlasgowBig SkyShelbyCut BankDeer LodgeConradLibbyMontana CityWolf PointLakesideLame DeerTownsendEast MissoulaColstripThree ForksColumbusPabloRed LodgeMaltaCrow AgencyStevensvilleKing Arthur ParkClancyManhattanWest GlendiveChoteauRonanBakerBig TimberHelena West SideFrenchtownSun PrairieRoundupPlentywoodEast HelenaCorvallisSeeley LakeForsythThompson FallsEurekaFort Belknap AgencyChinookFort BentonSouth BrowningHelena FlatsMarionBonner-West RiversideSomersPlainsHaysWhite Sulphur SpringsWest YellowstoneLincolnHarlowtonWyePark CityScobeyBoulderChurchillFairviewPhilipsburgFlorence
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