Every person or persons, company, corporation or firm, and every agent of any person, persons, company, corporation * or firm, who shall take or receive, or agree to take or receive, directly or indirectly, by means of commissions of brokerage charges, or otherwise, for the forbearance or use of money or other commodities, any interest at a rate greater than two percent per month, except as permitted by the laws of this state, shall be deemed guilty of a misdemeanor. Nothing herein contained shall be construed as authorizing a higher rate of interest than is now provided by law.
Mo. Rev. Stat. § 408.095
Charging interest of more than two percent per month a misdemeanor, exceptions
Known as the Missouri Retail Credit Sales Law
The act spans §§ 408–408 (112 sections).
Effective: 09 Jan 1975, see footnote; (RSMo 1939 § 4813, A.L. 1974 2d Ex
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.