No lender shall permit any borrower to be indebted to such lender on two or more contracts at any time for the purpose or with the result of contracting for or receiving more interest on the multiple notes or contracts than would have been permissible on a single note or contract entered into in accordance with section 408.100.
Mo. Rev. Stat. § 408.200
Borrower not to be indebted on two or more contracts with same lender, when
Known as the Missouri Retail Credit Sales Law
The act spans §§ 408–408 (112 sections).
Effective: 28 Aug 1998; (L. 1951 p. 875 § 408.033, A.L. 1959 H.B. 320, 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.