☰ Revisor of Missouri

Title XXVI TRADE AND COMMERCE

Chapter 408

< > Effective - 09 Jan 1975, see footnote bottom

  408.095.  Charging interest of more than two percent per month a misdemeanor, exceptions. — Every person or persons, company, corporation or firm, and every agent of any person, persons, company, corporation* or firm, who shall take or receive, or agree to take or receive, directly or indirectly, by means of commissions of brokerage charges, or otherwise, for the forbearance or use of money or other commodities, any interest at a rate greater than two percent per month, except as permitted by the laws of this state, shall be deemed guilty of a misdemeanor.  Nothing herein contained shall be construed as authorizing a higher rate of interest than is now provided by law.

­­--------

(RSMo 1939 § 4813, A.L. 1974 2d Ex. Sess. S.B. 1)

Prior revisions: 1929 § 4421; 1919 § 3680; 1909 § 4892

Effective 1-09-75

*Word "corporations" appears in original rolls.


---- end of effective  09 Jan 1975 ----

use this link to bookmark section  408.095


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
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House