{"data":{"id":"us-mt/31-1-106","jurisdiction":"us-mt","citation":"31-1-106","heading":"Legal interest.","body":"(1) Except as otherwise provided by the Uniform Commercial Code, 31-1-111, and 31-1-112, unless there is an express contract in writing fixing a different rate or a law or ordinance or resolution of a public body fixing a different rate on its obligations, interest is payable on all money at the rate of 10% a year after it becomes due on:\n(a) any instrument of writing, except a judgment;\n(b) an account stated;\n(c) money lent or due on any settlement of accounts from the date on which the balance is ascertained; and\n(d) money received for the use of another person and detained from that person.\n(2) In the computation of interest for a period of less than 1 year, 365 days constitute a year.","path":["TITLE 31. CREDIT TRANSACTIONS AND RELATIONSHIPS","CHAPTER 1. CREDIT TRANSACTIONS","Part 1. Loans of Money -- Interest Rates"],"source_url":"https://mca.legmt.gov/bills/mca/title_0310/chapter_0010/part_0010/section_0060/0310-0010-0010-0060.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:42Z","sha256":"eaa1c19969383da0b005eee85e2cb17369d4e5ec0a3849dd03d2733831b5a5fb","source_id":"us-mt","stale":false,"prev":"us-mt/31-1-105","next":"us-mt/31-1-107"},"notice":"GroundRules: Original legal text. Not legal advice."}