Public-domain · open source

Mo. Rev. Stat. § 365.150

Violation a misdemeanor — penalty — recovery barred — correction of..

Known as the Missouri Motor Vehicle Time Sales Law

The act spans §§ 365–365 (19 sections).

Applied in 1 court decision — leading case Fielder v. Credit Acceptance Corp. (1998)

Most recently applied in Fielder v. Credit Acceptance Corp. (August 1998)

Effective: 28 Aug 1984; (L. 1963 p. 466 § 14, A.L. 1984 H.B. 1170)

1. Any person who knowingly violates any provision of this chapter or engages in the business of a sales finance company in this state without a license therefor as provided in this chapter is guilty of a class B misdemeanor.

2. Any person violating section 365.070, 365.080, 365.090, 365.100, 365.110, 365.120, 365.130, 365.140, or 365.145 shall be barred from recovery of any time price differential, delinquency or collection charge on the contract.

3. Notwithstanding the other provisions of this section, the failure to comply with any provision of this chapter with respect to any retail installment transaction may be corrected by the seller or holder within thirty days after the date of the sale, and, if so corrected, neither the seller nor the holder shall be subject to any criminal penalty or civil forfeiture under this chapter for the failure.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.