2011 Missouri Revised Statutes
TITLE XXVI TRADE AND COMMERCE
Chapter 408 Legal Tender and Interest
Section 408.095. Charging interest of more than two percent per month a misdemeanor, exceptions.
Charging interest of more than two percent per month a misdemeanor, exceptions.
408.095. 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 1-9-75
*Transferred 1978; formerly 563.800
**Word "corporations" appears in original rolls.
Annotation Copyright Missouri Joint Committee on Legislative Research
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