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2012 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 367 Pawnbrokers and Small Loans
Section 367.305 Advance fee prohibited, penalty.


MO Rev Stat § 367.305 (2012) What's This?

Advance fee prohibited, penalty.

367.305. 1. No loan broker shall charge, assess, collect or receive an advance fee from a borrower to provide services as a loan broker.

2. The knowing charging, assessment, collection or receipt of an advance fee, in violation of this section, is a class A misdemeanor.

(L. 1992 S.B. 705)

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