Section 408.553 Recovery limitation.

MO Rev Stat § 408.553 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Effective 28 Aug 1979

408.553. Recovery limitation. — 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)