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Missouri Laws > Title XXVI > Chapter 408 - Legal Tender and Interest

^{Current as of: 2009}

^{Check for updates}


§ 408.010	Silver a legal tender
§ 408.015	Definitions
§ 408.020	When no rate of interest is agreed upon, nine percent allowed as legal interest
§ 408.030	Interest, maximum rate allowed--penalty for overcharge, limitation on action for--"market rate" to be determined, when, how--discounting to financial organizations authorized
§ 408.031	Fee in lieu of interest may be charged on loan--exception
§ 408.032	Recording fees
§ 408.035	Unlimited interest, when allowed
§ 408.036	Prepayment penalty by lender prohibited, exception--maximum permitted, exceptions--return of moneys above maximum permitted
§ 408.040	Interest on judgments, how regulated--prejudgment interest allowed when, procedure
§ 408.050	Excess interest paid recoverable with costs and attorney fee
§ 408.052	Points prohibited, exception--penalties for illegal points--violation a misdemeanor--default charge authorized, when, exceptions
§ 408.060	Defendant may plead usury--judgment, how rendered--corporations cannot enter plea of usury
§ 408.070	Usurious interest--security agreement invalid
§ 408.080	Interest may be paid on interest--compounding limited to once a month--prohibited for certain loans
§ 408.081	Validity of certain existing contract not to be affected, when
§ 408.083	Credit contracts, prepayment before maturity, computation of interest
§ 408.090	Demand loans where only securities are pledged not subject to usury laws
§ 408.092	Attorney fees, enforcement of credit agreements, limitations
§ 408.095	Charging interest of more than two percent per month a misdemeanor, exceptions
§ 408.096	Loan arrangement, excess fee prohibited for certain transactions--penalty
§ 408.100	Applicability of section--rate of interest
§ 408.105	Precomputed loans, extensions, fee, limitations
§ 408.110	Short title--applicability of sections 408.120 to 408.190
§ 408.120	Interest computed and paid, how
§ 408.130	Borrower to receive statement of contract--contents--prepayment effect--receipts for payments
§ 408.140	Additional charges or fees prohibited, exceptions--no finance charges if purchases are paid for within certain time limit, exception
§ 408.145	Fees for credit cards issued in contiguous states
§ 408.150	Lender can not receive excess interest--failure by lender to return excess interest, damages allowed
§ 408.160	False advertising prohibited
§ 408.170	Contracts paid in full before due date--recomputations of interest--refund defined
§ 408.175	Interest rate when maturity of note or contract accelerated
§ 408.178	Deferral of monthly loan payments, fee authorized for certain loans
§ 408.180	Authority of director to verify interest rates charged
§ 408.190	Certain loans exempt from sections 408.120 to 408.180, and 408.200
§ 408.193	Credit cards, no derogatory reports to credit agencies for carrying a zero balance
§ 408.200	Borrower not to be indebted on two or more contracts with same lender, when
§ 408.210	Assignment of wages or compensation--excess over loan deemed interest
§ 408.213	Changes to certain sections remedial only
§ 408.231	Definitions
§ 408.232	Rates and terms
§ 408.233	Additional charges authorized
§ 408.234	Minimum amount of loan--collateral--prepayment rights, method of computation
§ 408.235	Director may examine certain lenders
§ 408.236	Recovery of interest barred, when, exceptions--actions taken or omitted in reliance on interpretation by division of finance, effect
§ 408.237	Applicability of sections 408.231 to 408.241
§ 408.240	Penalties--actions taken or omitted in reliance on written interpretation by division, effect
§ 408.241	Prepayment fee, second mortgage loans, allowed when
§ 408.250	Definitions
§ 408.260	Time contract, how executed--required contents--additional notes to cut off buyer's rights prohibited--waiver of buyer's legal remedies prohibited
§ 408.270	Retail time contracts negotiated by mail--delivery unnecessary--notice of insertions in blanks
§ 408.280	Insurance purchased to secure retail time contract, regulation
§ 408.290	Retail charge agreement--form--delivery to buyer--contents
§ 408.300	Time charges, amount authorized on retail time contracts--retail charge agreements, time charges authorized
§ 408.310	Assignments of retail time contracts and charge agreements--notice to buyer, effect
§ 408.320	Buyer may pay retail time contract debt before maturity--refund of charges
§ 408.330	Delinquency and collection charges permitted--insurance premium in lieu of perfecting security interest authorized--attorney fees--consolidation of contracts
§ 408.340	Applicability to prior transactions
§ 408.350	Waiver of provisions void
§ 408.360	Citation of law
§ 408.365	Acceleration clauses, repossession or confession of judgment by power of attorney, right of entry to repossess and waiver of damages from repossession provisions, prohibited
§ 408.370	Violation, penalty--effect on time and other charges--correction
§ 408.375	Retail installment agreement, deemed signed or accepted, when
§ 408.400	Definitions
§ 408.405	Defenses or setoffs arising from transaction good against holder of security instrument, when
§ 408.410	Exempt transactions
§ 408.415	Chapter 400 is modified by provisions of sections 408.400 to 408.415
§ 408.455	Variable rate agreements subject to certain provisions
§ 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
§ 408.505	Term of loans, charges permitted, repayment, return check charge
§ 408.506	Report to the general assembly, contents
§ 408.510	Licensure of consumer installment lenders--interest and fees allowed
§ 408.550	Discrimination prohibited--damages recoverable
§ 408.551	Applicability of sections 408.551 to 408.562--credit transaction defined
§ 408.552	Enforceability of default provisions
§ 408.553	Recovery limitation
§ 408.554	Notice of default, contents, form, delivery
§ 408.555	Acceleration, repossession and cancellation restricted--required procedures--borrower's right to cure
§ 408.556	Actions arising from default, contents of petition--default judgment requires sworn testimony--recovery of unpaid balances
§ 408.557	Notice required before deficiency action may be commenced
§ 408.558	Security interests not to be taken, when
§ 408.560	Unenforceable provisions in note or credit contract
§ 408.562	Damages recoverable for violation
§ 408.570	Definitions
§ 408.575	Denial of loans prohibited, when, reasons for
§ 408.580	Applications to be accepted--written reasons for rejection required--display of statute required--retention of records--rulemaking, procedure
§ 408.585	Limitation on requirements of sections 408.570 to 408.600
§ 408.590	Division directors to make determinations--regulations authorized--annual reports required, contents
§ 408.592	Nonsupervised financial institutions to report--contents of report--duties of director of division of finance
§ 408.595	Financial institutions to make other annual report, contents
§ 408.600	Division directors to enforce provisions of sections 408.570 to 408.600--complaints, how handled--hearings--remedies
§ 408.675	Citation of law--definitions
§ 408.677	Government access to records, when--requirements
§ 408.680	Financial institution may not disclose, exceptions, requirements
§ 408.682	Customer authorization, requirements
§ 408.683	Subpoena, government may obtain records with, when--procedure--notice required
§ 408.685	Delay of notice, allowed when--postdisclosure notice, form of
§ 408.686	Challenge to subpoena--procedure, appeals
§ 408.687	Financial institution to assemble records upon subpoena--delivery of records, when
§ 408.689	Transfer of records to additional agency, allowed when--notice
§ 408.690	Nonprohibited disclosure activities
§ 408.692	Law not applicable to government authority, when--procedure
§ 408.693	Fee paid to financial institution, amount, how determined
§ 408.695	Statute of limitations
§ 408.696	Civil liability for violation, amount--disciplinary action against agency employee, when--good faith a valid defense, when--exclusive remedy
§ 408.697	Injunctive relief, allowed when
§ 408.699	Statute of limitations, tolled when
§ 408.700	Subpoena issued under authority of grand jury, records, use of

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Questions & Answers: Usury

What interest rate can be charged to customers for unpaid invoices? ...

Great post. Thanks ...

I'm trying to help one of our clients. Our client wishes to buy a new phone system. They want to finance it with a lease company. If they opt for a 60 lease it drops the monthly pa...

What is the maximum allowable finance charge on goods past due in Missouri?...

Lenda, Missouri allows a maximum rate of 10% under contracts. http://www.lawserver.com/law/state/missouri/mo-laws/missouri_laws_408-030 Steve Daily LawServer.com...

I bought two year online education program. during the warranty period, the exam subjects were changed. then I can't use my paperbook and I am not satisfied with the unchanged prog...

Federal Regulations: Usury

CFR > Title 12 > Chapter V > Part 590 - Preemption of State usury laws

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Comments (3) add comment

Lenda : ...

What is the maximum allowable finance charge on goods past due in Missouri?

March 19, 2013

Steven Daily: ...

Lenda,
Missouri allows a maximum rate of 10% under contracts.

http://www.lawserver.com/law/state/missouri/mo-laws/missouri_laws_408-030

Steve Daily
LawServer.com

March 19, 2013

cho: ...

I bought two year online education program. during the warranty period, the exam subjects were changed. then I can't use my paperbook and I am not satisfied with the unchanged program along the new exam subjects. I request a refund to them. but they refused without reasoning

May 13, 2013