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Mo. Rev. Stat. § 408.035

Unlimited interest, when allowed

Known as the Missouri Retail Credit Sales Law

The act spans §§ 408–408 (112 sections).

Applied in 1 court decision — leading case Federal Deposit Insurance Corporation as Receiver for Metro North State Bank v. Ranbir S. Sahni (1997)

Most recently applied in Federal Deposit Insurance Corporation as Receiver for Metro North State Bank v. Ranbir S. Sahni (February 1997)

Effective: 28 Aug 2024, 3 histories; (L. 1974 2d Ex

Notwithstanding the provisions of any other law to the contrary, it is lawful for the parties to agree in writing to any rate of interest, fees, and other terms and conditions in connection with any:

(1) Loan to a corporation, general partnership, limited partnership or limited liability company;

(2) Extension of credit primarily for agricultural, business, or commercial purposes;

(3) Real estate loan, other than residential real estate loans; or

(4) Loan of five thousand dollars or more secured solely by certificates of stock, bonds, bills of exchange, certificates of deposit, warehouse receipts, or bills of lading pledged as collateral for the repayment of such loans.

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