Montana Debt Collection Laws
In addition to being regulated by the Fair Debt Collection Practices Act (FDCPA), Montana collection agencies are also regulated by Montana debt collection laws. Discover: Montana collection requirements, bad check laws (NSF), statutes of limitations for both debts and judgments, garnishments plus Montana collection agency license and bonding information.
Summary of the Montana fair debt collection practices laws:
MONTANA INTEREST RATE
Legal: 10%
Judgment: 10%
A binding written agreement may provide for interest of 15% or 6% above prime
MONTANA STATUTE OF LIMITATIONS |in years|
Open Accounts: 5
Written Contract: 8
Domestic Judgment: 6 |over $5000| Renewable
Foreign Judgment: 6 Renewable
MONTANA BAD CHECK LAWS |NSF|
$100 minimum or 3 times face value up to $500
MONTANA WAGE GARNISHMENT EXEMPTIONS
See federal law.
MONTANA COLLECTION AGENCY BONDING and LICENSING REQUIREMENTS
Bond: No
License: No
Fee: No
Caveats:
Foreign corporations should register with MT Sec. of State prior to any suit in MT Courts or risk dismissal.
Attorney fees only if provided by a signed written agreement.
Below is the Montana debt collection statute:
We could not locate a Montana state statute regulating debt collection agencies. That does not mean one does not exist.
Montana Debt Collection Laws
Please note: Montana debt collection laws can change over time, and you need to consult with an attorney before you use this information.
Montana Debt Collection Laws
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