Section 364.050 Director may investigate — buyer may make complaint.

MO Rev Stat § 364.050 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

Effective 28 Aug 1963

364.050. Director may investigate — buyer may make complaint. — 1. The director, or his duly authorized representatives, shall have full power and authority at any time to make any investigation considered necessary of financing institutions and of other persons having personal knowledge of the matters under investigation and, to the extent necessary for this purpose, may compel the production of all relevant books, records, accounts and documents of financing institutions and other persons with respect to their retail time transactions.

2. Any buyer having reason to believe that his retail time transaction with respect to the Missouri retail credit sales law (sections 408.250 to 408.370) has been violated may file with the director a written complaint setting forth the details of the alleged violation, and the director, upon receipt of the complaint, may inspect the pertinent books, records, letters and contracts of the financing institution and of the seller involved relating to the specific written complaint.

--------

(L. 1963 p. 463 § 5)

Previous Section

Section 364.040 License denied or suspended, grounds — hearing and review.

Next Section

Section 364.060 Director may promulgate rules and regulations, issue subpoenas — enforcement — rulemaking, procedure, generally, this chapter.