{"data":{"id":"us-mt/33-14-303","jurisdiction":"us-mt","citation":"33-14-303","heading":"Delinquency charges regulated.","body":"(1) A premium finance agreement may provide for the payment by the insured of a delinquency charge of $1 to a maximum of 5% of the delinquent installment but not to exceed $5 on any installment that is in default for 5 days or more.\n(2) If the default results in the cancellation of any insurance contract listed in the agreement, the agreement may provide for payment by the insured of a cancellation charge equal to the difference between any delinquency charge or default charge imposed with respect to the installment in default and $5. A premium finance agreement may also provide for the payment of attorney's fees and court costs if the agreement is referred for collection to an attorney not a salaried employee of the insurance premium finance company.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 14. INSURANCE PREMIUM FINANCE COMPANIES","Part 3. Operation and Regulation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0140/part_0030/section_0030/0330-0140-0030-0030.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:30Z","sha256":"bcea1a3e7828d4313b502ff5487ecd531d40e4ddcbea8c02131894cce9d3394f","source_id":"us-mt","stale":false,"prev":"us-mt/33-14-302","next":"us-mt/33-14-304"},"notice":"GroundRules: Original legal text. Not legal advice."}