Section III Section 44

Constitution

Effective - 27 Feb 1945, see footnote   

  III Section 44.  Uniform interest rates. — No law shall be valid fixing rates of interest or return for the loan or use of money, or the service or other charges made or imposed in connection therewith, for any particular group or class engaged in lending money.  The rates of interest fixed by law shall be applicable generally and to all lenders without regard to the type or classification of their business.

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Source: Const. of 1945.

(1979) Section 370.300.1 violates Art. III, § 44 Mo. Const. in that it fixes rates of interest for a particular group or class lending money and is contrary to the requirement that rate of interest fixed by law shall be applicable generally to all lenders without regard to the type or classification of their business. St. Louis Teachers' Credit Union v. Marsh, et al. (Mo.), 585 S.W.2d 474.