Sections 408.551 to 408.562 shall apply to any credit transaction made primarily for personal, family or household purposes pursuant to sections 365.010 to 365.160 and sections 408.100 to 408.370. For the purposes of this section, unless the context requires otherwise, "credit transaction" shall mean any retail installment transaction as defined by section 365.020 or any loan subject to section 408.100 or any second mortgage loan as defined by section 408.231 or any retail time transaction as defined in section 408.250.
Mo. Rev. Stat. § 408.551
Applicability of sections 408.551 to 408.562 — credit transaction defined
Known as the Missouri Retail Credit Sales Law
The act spans §§ 408–408 (112 sections).
Applied in 1 court decision — leading case In Re Schmidt (2008)
Most recently applied in In Re Schmidt (November 2008)
Effective: 28 Aug 1998; (L. 1979 S.B. 305, A.L. 1984 H.B. 1170, A.L. 1998 S.B. 792)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.