Section 408.455 – Variable rate agreements subject to certain provisions.
Effective – 28 Aug 2003 408.455. Variable rate agreements subject to certain provisions. — All contracts or agreements originally subject to sections 408.450 to 408.470, existing on August 28, 2003, shall remain subject to the provisions of sections 408.140, 408.150, 408.160 and 408.550 to 408.562, even if the contract or agreement is converted into another […]
Section 408.500 – Unsecured loans of five hundred dollars or less, licensure of lenders, interest rates and fees allowed — penalties for violations — cost of collection expenses — notice required, form.
Effective – 28 Aug 2015 *408.500. Unsecured loans of five hundred dollars or less, licensure of lenders, interest rates and fees allowed — penalties for violations — cost of collection expenses — notice required, form. — 1. Lenders, other than banks, trust companies, credit unions, savings banks and savings and loan companies, in the business […]
Section 408.505 – Term of loans, charges permitted, repayment, return check charge.
Effective – 28 Aug 2002 408.505. Term of loans, charges permitted, repayment, return check charge. — 1. This section shall apply to: (1) Unsecured loans made by lenders licensed or who should have been licensed pursuant to section 408.500; (2) Any person that the Missouri division of finance determines that has entered into a transaction […]
Section 408.506 – Report to the general assembly, contents.
Effective – 28 Aug 2002 408.506. Report to the general assembly, contents. — The division of finance shall report to the general assembly beginning on January 1, 2003, and on the first day of January every other year thereafter, the number of licenses issued by the director pursuant to section 408.500, the number of loans […]
Section 408.510 – Licensure of consumer installment lenders — interest and fees allowed.
Effective – 28 Aug 2002 408.510. Licensure of consumer installment lenders — interest and fees allowed. — Notwithstanding any other law to the contrary, the phrase “consumer installment loans” means secured or unsecured loans of any amount and payable in not less than four substantially equal installments over a period of not less than one […]
Section 408.380 – Sale of certain financial products and plans associated with certain loan transactions not prohibited.
Effective – 28 Aug 2011 408.380. Sale of certain financial products and plans associated with certain loan transactions not prohibited. — 1. Notwithstanding any provision of sections 408.140, 408.233, 408.300, or any other law to the contrary, no provision of such sections shall be construed to prohibit the sale of a deficiency waiver addendum, guaranteed […]
Section 408.400 – Definitions.
Effective – 28 Aug 1983 408.400. Definitions. — 1. As used in sections 408.400 to 408.415, unless the context otherwise requires: (1) “Arranged” means to provide or offer to provide a loan which is or will be extended by another person under a business or other relationship pursuant to which the person arranging such loan […]
Section 408.405 – Defenses or setoffs arising from transaction good against holder of security instrument, when.
Effective – 28 Aug 1974 408.405. Defenses or setoffs arising from transaction good against holder of security instrument, when. — The rights of a holder or assignee of an instrument, account, contract, right, chattel paper or other writing other than a check or draft, which evidences the obligation of a natural person as buyer, lessee, […]
Section 408.410 – Exempt transactions.
Effective – 28 Aug 1974 408.410. Exempt transactions. — Sections 408.400 to 408.415 are not applicable to: (1) An instrument or other writing which evidences a loan or indebtedness to a lender or person, other than a seller or lessor, which was not arranged by a seller or lessor, the proceeds of which are used […]
Section 408.415 – Chapter 400 is modified by provisions of sections 408.400 to 408.415.
Effective – 28 Aug 1974 408.415. Chapter 400 is modified by provisions of sections 408.400 to 408.415. — Subject to the provisions of sections 408.400 to 408.415, the provisions of chapter 400, RSMo 1969, shall be applicable to any consumer credit transaction. ——– (L. 1974 H.B. 1047, et al. § 4)