2018 Missouri Revised Statutes
Title XXIII - Corporations, Associations and Partnerships
Chapter 348 - Authorities and Corporations for Economic and Technological Development — Small Businesses
Section 348.533 Policy for collection and recovery of loans — action authorized to recover amounts due.
Effective 28 Aug 2008
Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPSChapter 348
348.533. Policy for collection and recovery of loans — action authorized to recover amounts due. — The authority, by rule, shall determine the policy of collections and recovery of loans, including the use of private collection agencies. The authority may institute action to recover any amount due the state in any loan transaction, use private collection agencies, or otherwise carry out the policy of the authority. The lender making the original loan shall cooperate with the authority in the collection of the loan and shall use its regular collection procedures prior to any action being undertaken by the authority.
(L. 2008 S.B. 931)