1. (1) Every licensee under the Montana Deferred Deposit Loan Act shall file with the commissioner in duplicate, at the time of filing application for such license or license renewal, a full and accurate schedule of all charges, fees, and costs as follows:

   1. (a) interest rate;
   2. (b) nonsufficient fund fees; and
   3. (c) examples of typical loan amounts including principal, interest, and fees.
2. (2) Licensees shall display such schedule prominently in each licensed place of business where loans are made or negotiated so as to be easily readable by borrowers and prospective borrowers.

Authorizing statute(s): 31-1-702, MCA

Implementing statute(s): 31-1-721, MCA

History: NEW, 2006 MAR p. 1373, Eff. 6/2/06.