Section 408.180 – Authority of director to verify interest rates charged.
Effective – 28 Aug 1951 408.180. Authority of director to verify interest rates charged. — The director of finance shall have the power and duty to verify the correctness of the rate and amount of interest charged or received and the refund of interest made on any loan which is subject to section 408.100. ——– […]
Section 408.190 – Certain loans exempt from sections 408.120 to 408.180, and 408.200.
Effective – 28 Aug 2004 408.190. Certain loans exempt from sections 408.120 to 408.180, and 408.200. — Sections 408.120 to 408.180 and 408.200 shall not apply to any loan on which the rate or amount of interest and fees charged or received are lawful under Missouri law without regard to the rates permitted in section […]
Section 408.193 – Credit cards, no derogatory reports to credit agencies for carrying a zero balance.
Effective – 01 Jan 1999 408.193. Credit cards, no derogatory reports to credit agencies for carrying a zero balance. — 1. For the purposes of this section, the term “credit card” shall mean a credit device defined as such in the federal Consumer Credit Protection Act. 2. Any entity that issues credit cards in this […]
Section 408.200 – Borrower not to be indebted on two or more contracts with same lender, when.
Effective – 28 Aug 1998 408.200. Borrower not to be indebted on two or more contracts with same lender, when. — No lender shall permit any borrower to be indebted to such lender on two or more contracts at any time for the purpose or with the result of contracting for or receiving more interest […]
Section 408.210 – Assignment of wages or compensation — excess over loan deemed interest.
Effective – 28 Aug 1951 408.210. Assignment of wages or compensation — excess over loan deemed interest. — The payment of four hundred dollars or less in money, credit, goods, or things in action, as consideration for any sale or assignment of, or order for the payment of wages, salary, commissions, or other compensation for […]
Section 408.213 – Changes to certain sections remedial only.
Effective – 28 Aug 2004 408.213. Changes to certain sections remedial only. — The changes in sections 408.140, 408.145, 408.190, and 408.232 are remedial and should be given that construction; however, this section shall have no effect, favorably or unfavorably, on any case filed in court prior to January 1, 2004. ——– (L. 2004 H.B. […]
Section 408.160 – False advertising prohibited.
Effective – 28 Aug 1951 408.160. False advertising prohibited. — No person, firm, or corporation shall print, publish, distribute or cause the same to be done in any manner whatsoever, any written or printed statement with regard to interest or charges, terms or conditions for the lending of money which is false or calculated to […]
Section 408.170 – Contracts paid in full before due date — recomputations of interest — refund defined.
Effective – 01 Jul 2003 408.170. Contracts paid in full before due date — recomputations of interest — refund defined. — 1. If a note or loan contract providing for amount of interest, added to the principal of the loan, is prepaid in full (by cash, renewal, or refinancing) one month or more before the […]
Section 408.175 – Interest rate when maturity of note or contract accelerated.
Effective – 28 Aug 1959 408.175. Interest rate when maturity of note or contract accelerated. — If the maturity of a note or loan contract providing for an amount of interest added to the principal of the loan is accelerated, the unpaid balance shall be reduced by the refund of that portion of the amount […]
Section 408.178 – Deferral of monthly loan payments, fee authorized for certain loans.
Effective – 28 Aug 2021, 2 histories 408.178. Deferral of monthly loan payments, fee authorized for certain loans. — Notwithstanding any other law to the contrary, and provided the debtor agrees in writing, the lender may collect a fee in advance for allowing the debtor to defer monthly loan payments, so long as the fee […]