31-1-103. Loan presumed to be on interest. Whenever a loan of money is made, it is presumed to be made upon interest unless it is otherwise expressly stipulated at the time in writing.
History: En. Sec. 2582, Civ. C. 1895; re-en. Sec. 5208, Rev. C. 1907; re-en. Sec. 7722, R.C.M. 1921; Cal. Civ. C. Sec. 1914; Based on Field Civ. C. Sec. 968; re-en. Sec. 7722, R.C.M. 1935; R.C.M. 1947, 47-121.
Structure Montana Code Annotated
Title 31. Credit Transactions and Relationships
Chapter 1. Credit Transactions
Part 1. Loans of Money -- Interest Rates
31-1-101. Loan of money -- what constitutes
31-1-102. Loan to be repaid in current money
31-1-103. Loan presumed to be on interest
31-1-107. Interest rate allowed by agreement
31-1-108. Penalty for usury -- action to recover excessive interest
31-1-109. When interest becomes part of principal
31-1-111. Definition of regulated lender
31-1-112. Interest rate limitation exemption -- regulated lenders -- merchant finance
31-1-113. Limitation of rule of 78ths
31-1-115. Issuing credit cards to minors -- collection of debt
31-1-116. Commercial loans -- when written agreement required