31-1-308. Assignment to be considered a loan. Every purchase by a wage broker of an assignment of the wages or salary of any employee or wage earner shall be held and considered a loan, in the sum of the amount actually paid to and received by such employee or wage earner, and shall be subject to all the provisions of this part.
History: En. Sec. 8, Ch. 56, L. 1911; re-en. Sec. 4180, R.C.M. 1921; re-en. Sec. 4180, R.C.M. 1935; R.C.M. 1947, 41-1508.
Structure Montana Code Annotated
Title 31. Credit Transactions and Relationships
Chapter 1. Credit Transactions
31-1-301. Wage brokers to procure license and give bond
31-1-302. Issuance of license -- terms and amount thereof
31-1-304. Restrictions upon assignment of wages or salary
31-1-305. Interest on loans -- amount and computation
31-1-306. Spouse must join in assignment of wages -- acknowledgment
31-1-307. Assignments invalid without notice to employer -- filing assignments
31-1-308. Assignment to be considered a loan