Missouri Laws 408.241 – Prepayment fee, second mortgage loans, allowed when
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Terms Used In Missouri Laws 408.241
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Notwithstanding the provisions of sections 408.233 and 408.234, a prepayment fee may be charged on second mortgage loans, as defined in section 408.231, under the same provisions as is allowed under section 408.036.