Current as of April 27, 2021 | Updated by FindLaw Staff
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(1) Upon written request from the buyer, the holder of a retail installment contract shall give or forward to the buyer a written statement of the dates and amounts of payments and the total amount unpaid under the contract. A buyer must be given a written receipt for any payment when made in cash.
(2) After payment of all sums for which the buyer is obligated under a contract, the holder shall deliver or mail to the buyer, at the buyer's last-known address, one or more good and sufficient instruments to acknowledge payment in full and shall release all security in the goods or in any collateral security.
Cite this article: FindLaw.com - Montana Title 31. Credit Transactions and Relationships § 31-1-236. Notice and receipt of payment - last updated April 27, 2021 | https://codes.findlaw.com/mt/title-31-credit-transactions-and-relationships/mt-code-ann-sect-31-1-236.html
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