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Section 408.558 Security interests not to be taken, when.

MO Rev Stat § 408.558 (2019) (N/A)
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Effective 28 Aug 1979

408.558. Security interests not to be taken, when. — 1. No security interest, other than a purchase money security interest, may be taken or acquired in household furnishings, appliances, or clothing of the borrower or his dependents as security for a loan if the amount financed is less than five hundred dollars.

2. No security interest may be taken or acquired in goods as security for a credit transaction in the principal amount of less than one hundred fifty dollars.

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(L. 1979 S.B. 305)

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