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Current as of January 01, 2025 | Updated by Findlaw Staff
Every person or persons, company, corporation or firm, and every agent of any person, persons, company, corporation 1 or firm, who shall take or receive, or agree to take or receive, directly or indirectly, by means of commissions of brokerage charges, or otherwise, for the forbearance or use of money or other commodities, any interest at a rate greater than two percent per month, except as permitted by the laws of this state, shall be deemed guilty of a misdemeanor. Nothing herein contained shall be construed as authorizing a higher rate of interest than is now provided by law.
Cite this article: FindLaw.com - Missouri Revised Statutes Title XXVI. Trade and Commerce § 408.095. Charging interest of more than two percent per month a misdemeanor, exceptions - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xxvi-trade-and-commerce/mo-rev-st-408-095/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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