Missouri
Consumer Loan Laws
	Substantive
Law	Licensing Year/Fee	Maximum
Rate	Loan
Min/Max	Terms
Min/Max	Nonrefundable
Fee	Late
Charge	Refunding	Other
Fees	Required
Bond	Subject to Consumer Provisions §§408.551-408.562	Security Permitted	
"Traditional Consumer
 Loan License"  
(§§367.100-367.215)	§§408.100-408.210	7/1-6/30 $300 per location §367.140	As Parties Agree
§408.100	$500 (§367.100)/ No	No/No	5% not to exceed $75 on loans of 30 days or more §408.140	Per 
§408.140.1(3)	Rule of 78s if less than $5,000 and less than 61 months §408.170	Insurance, extension fees, etc. §408.140	$1,000 §367.130 (optional) $100,000 in lieu of audit §367.215	Yes	Any personalty with limitations set by §408.558 (§408.100)	
"Title Loan License" (§§367.500-367.533)	§§367.500-367.533, §408.100 & §408.140	Calendar Year $1,000 per location §367.509	As Parties Agree - simple interest
§367.515	No/$5,000 (§367.527)	30 days /No (but see §367.512(3) and (4))	5% not to exceed $75 on loans of 30 days or more §408.140	Per 
§408.140.1(3)	Simple Interest	Insurance, extension fees, etc. §408.140	$20,000 per location §367.509.2	Yes	Unencumbered titled personalty (but not mobile homes) See §§367.527.1(6), 367.512.2(1) & 367.500(10)	
"Payday Loan License" 
 a/k/a "Small, Small
           Loan  License" (§408.500)	§408.500, §408.100 & §408.140	Calendar Year $300 per location §408.500	As Parties Agree - simple interest
§408.500	No/$500 (§408.500)	14 days/10 months 4 CSR 140-11.010 and see also §408.500.6	5% not to exceed $25 on loans of 30 days or more §408.140	Per 
§408.140.1(3)	Simple Interest	Insurance, extension fees, etc. §408.140	No	No	No but see 4 CSR 140-11.010(7)	
"Consumer Installment 
 Loan License"  (§408.510)	§§408.100 & 408.140	(A Variant of 367.100 License) 7/1-6/30 $300 per location §367.140	As Parties Agree - simple interest
§408.100	No/No	120 days (§408.510)/No	5% not to exceed $75 on loans of 30 days or more §408.140	Per 
§408.140.1(3)	Rule of 78s if less than $5,000 and less than 61 months §408.170	Insurance, extension fees, etc. §408.140	$1,000 §367.130 (optional) $100,000 in lieu of audit §367.215	Yes	Any personalty with limitations set by §408.558 (§408.100)	
"Retail Credit Sales (other  goods) License" 
(§§364.010-364.070)	§§408.250-408.370	Calendar Year $300 per location §364.030	As Parties Agree 
§408.300	No/No	No/No	No	Per 
§408.330	Simple Interest	None but see definitions §405.250	No	Yes	Without restriction (but see §408.558)	
"Motor Vehicle Time 
 Sales License" 
 (Chapter 365)	Chapter 365	Calendar Year $300 per location §365.030	As Parties Agree
§365.120	No/No	No/No	No	Per 
§365.100	Simple Interest	None, but see §365.020(1)	No	Yes	Without restriction	
"Insurance Premium 
 Finance License"
 (§§364.100-364.160)	§§364.100-364.160	7/1-6/30 $300 per location §364.105	$15 add-on 
§364.120	No/No	No/No	$10 
§364.120	Per 
§364.125	Simple Interest	None	No	No	Unearned premium (§364.135)	
1st Deed of Trust Residential Real Estate (§§408.030, 408.036, 408.052)	Title V PL 96-221 & §§408. 030, 408.036 & 408.052	None but see §443.805.1	As parties agree - see Title V PL 96-221	No/No	No/No	As parties agree - see Title V PL- 96-221	After 15 days per 408.052	Simple interest less 2% prepay-ment penalty per §408.036	Insurance, extension fees, etc., see §408.052	No but see §443.849	No	Without restriction	
2nd Deed of Trust Residential Real Estate (§§408.231-408.241)	§§408.231-408.241	None but see §443.805.1	As parties agree - §408.232	$2,500/No (§408.234)	No/No	5% §408.233.1(5)	Per §408.233.1	Simple interest less 2% prepay-ment penalty per §408.036	Insurance, extension fees, etc., see §408.233	No but see §443.849	Yes	Without restriction	
Rev. 9/06