Missouri Revised Statutes § 408.031 - Fee in lieu of interest may be charged on loan — exception — United States — Missouri law | Esheria

Missouri Revised Statutes § 408.031 - Fee in lieu of interest may be charged on loan — exception

Parties may agree in writing to a $10 fee on a loan instead of the rate in section 408.030, but a lender must not let a borrower be indebted on two or more contracts at the same time to get fees above what this section allows.

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Jurisdiction
United States — Missouri
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Updated
Official source
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interest alternatives loan fees

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