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the Missouri Revised Statutes
2012 Missouri Revised Statutes
TITLE XXVI TRADE AND COMMERCE
Chapter 408 Legal Tender and Interest
Section 408.553 Recovery limitation.
Universal Citation:
MO Rev Stat § 408.553 (2012)
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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)
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