Montana Loan Modification Laws

  1. Montana could indirectly regulates loan modification services through the Montana Consumer Debt Management Act (see http://data.opi.mt.gov/bills/mca_toc/30_14_20.htm forthe statute.)
  2. The State:
    • Requires licensure and accompanying fees; requires contracts in writing with disclosure of obligations and services
    •  Prohibits up front or unfair fees; prohibits limits of liability, hold harmless clauses, waiver of rights
  3.  Montana attorneys who provide debt management services as incidental to their business are exempt.

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