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Title XXVI TRADE AND COMMERCE

Chapter 408

previous next Effective - 28 Aug 1994bottom

  408.237.  Applicability of sections 408.231 to 408.241. — Sections 408.231 to 408.241 shall not apply to any transaction in which a single extension of credit is allocated between a first lien and any number of subordinate liens, for the purpose or with the result of contracting for or receiving a higher rate of interest than would have been permitted if the loan had been made under section 408.030.

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(L. 1979 S.B. 305, A.L. 1994 H.B. 1312 merged with S.B. 718)


---- end of effective   28 Aug 1994 ----

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