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 […]
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 […]
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 […]
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 […]
Effective – 28 Aug 2020, 2 histories 408.512. Loans by traditional installment loan lenders. — 1. Any traditional installment loan lender licensed under sections 367.100 to 367.200 or section 408.510 shall be permitted to make loans and charge fees and interest as authorized under sections 408.100, 408.140, and 408.170. 2. No charter provision, ordinance, rule, […]
