☰ Revisor of Missouri


Chapter 408

< > Effective - 28 Aug 2002, 2 histories    bottom

  408.510.  Licensure of consumer installment lenders — interest and fees allowed. — Notwithstanding any other law to the contrary, the phrase "consumer installment loans" means secured or unsecured loans of any amount and payable in not less than four substantially equal installments over a period of not less than one hundred twenty days.  The phrase "consumer installment lender" means a person licensed to make consumer installment loans.  A consumer installment lender shall be licensed in the same manner and upon the same terms as a lender making consumer credit loans.  Such consumer installment lenders shall contract for and receive interest and fees in accordance with sections 408.100, 408.140, and 408.170.  Consumer installment lenders shall be subject to the provisions of sections 408.551 to 408.562.


(L. 2001 S.B. 186, A.L. 2002 S.B. 895)

---- end of effective  28 Aug 2002 ----

use this link to bookmark section  408.510

 - All versions
Effective End
408.510 8/28/2002
408.510 8/28/2001 8/28/2002

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House