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2011 Missouri Revised Statutes
TITLE XXVI TRADE AND COMMERCE
Chapter 408 Legal Tender and Interest
Section 408.553. Recovery limitation.
MO Rev Stat § 408.553. What's This?
Recovery limitation.
408.553. Upon default the lender shall be entitled to recover no more than the amount which the borrower would have been required to pay upon prepayment of the obligation on the date of final judgment together with interest thereafter at the simple interest equivalent of the rate provided in the contract.
(L. 1979 S.B. 305)
Annotation Copyright Missouri Joint Committee on Legislative Research
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