Car Title Loans in Montana2026 Guide
Car title loans are prohibited in Montana under voter-approved 36% APR rate caps (Mont. Code § 31-1-112). Learn consumer protections, banking rules, and legal loan options in 2026.
Legal Status & Regulations
Governing Law
Mont. Code § 31-1-112
Last Reviewed: April 2026
Law Summary
Car title loans with high interest rates are illegal in Montana pursuant to Initiative 164 (Mont. Code § 31-1-112). Enforced by the Division of Banking and Financial Institutions, Montana mandates an all-inclusive 36% annual interest rate cap on consumer loans, barring traditional high-cost title lending.
Real Rate Example in Montana
A $1,500 loan in Montana at a typical market rate of APR over 30 days would result in approximately $150 in interest and fees. Always compare multiple offers to find the most competitive rate.
What Documents You Need
- A clear vehicle title in your name
- A valid government-issued ID (Driver's License)
- Proof of residency (Utility bill, etc.)
- Proof of income or ability to repay
- The vehicle itself for a quick inspection
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Title Loans Union Editorial Team
Loan Regulations & Guides
Our editorial team monitors state statutes, interest rate ceilings, and car title loan regulations across all 50 states. We analyze legal statutes, state regulatory filings, and consumer protection policies to provide clear, unbiased analysis of borrowing requirements and costs.
*Last reviewed: June 2026. Always verify with your state's financial regulatory body before applying. Laws change frequently.
Quick Info Card
Max Loan Amount
N/A
Max APR / Rate
N/A
Loan Term Range
Varies
Governing Body
MT Division of Banking and Financial Institutions