This section shall apply to all loans which are not made as permitted by other laws of this state except that it shall not apply to loans which are secured by a lien on real estate. On any loan subject to this section, any person, firm, or corporation may charge, contract for and receive interest on the unpaid principal balance at rates agreed to by the parties.
Mo. Rev. Stat. § 408.100
Applicability of section — rate of interest
Known as the Missouri Retail Credit Sales Law
The act spans §§ 408–408 (112 sections).
Effective: 28 Aug 2021, 2 histories; (L. 1951 p. 875 § 408.031, A.L. 1959 H.B. 320, A.L. 1979 S.B. 305, A.L. 1985 H.B. 358 & 440, A.L. 1998 S.B. 792, A.L. 2021 S.B. 106)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.