Chapter 408 Legal Tender and Interest
- 408.010. Silver a legal tender.
- 408.015. Definitions.
- 408.020. When no rate of interest is agreed upon, nine percent allowed as legal interest.
- 408.030. Interest, maximum rate allowed--penalty for overcharge, limitation on action for--"market rate" to be determined, when, how--discounting to financial organizations authorized.
- 408.031. Fee in lieu of interest may be charged on loan--exception.
- 408.032. Recording fees.
- 408.035. Unlimited interest, when allowed.
- 408.036. Prepayment penalty by lender prohibited, exception--maximum permitted, exceptions--return of moneys above maximum permitted.
- 408.040. Interest on judgments, how regulated--prejudgment interest allowed when, procedure.
- 408.050. Excess interest paid recoverable with costs and attorney fee.
- 408.052. Points prohibited, exception--penalties for illegal points--violation a misdemeanor--default charge authorized, when, exceptions.
- 408.060. Defendant may plead usury--judgment, how rendered--corporations cannot enter plea of usury.
- 408.070. Usurious interest--security agreement invalid.
- 408.080. Interest may be paid on interest--compounding limited to once a month--prohibited for certain loans.
- 408.081. Validity of certain existing contract not to be affected, when.
- 408.083. Credit contracts, prepayment before maturity, computation of interest.
- 408.090. Demand loans where only securities are pledged not subject to usury laws.
- 408.092. Attorney fees, enforcement of credit agreements, limitations.
- 408.095. Charging interest of more than two percent per month a misdemeanor, exceptions.
- 408.096. Loan arrangement, excess fee prohibited for certain transactions--penalty.
- 408.100. Applicability of section--rate of interest.
- 408.105. Precomputed loans, extensions, fee, limitations.
- 408.110. Short title--applicability of sections 408.120 to 408.190.
- 408.120. Interest computed and paid, how.
- 408.130. Borrower to receive statement of contract--contents--prepayment effect--receipts for payments.
- 408.140. Additional charges or fees prohibited, exceptions--no finance charges if purchases are paid for within certain time limit, exception.
- 408.145. Fees for credit cards issued in contiguous states.
- 408.150. Lender can not receive excess interest--failure by lender to return excess interest, damages allowed.
- 408.160. False advertising prohibited.
- 408.170. Contracts paid in full before due date--recomputations of interest--refund defined.
- 408.175. Interest rate when maturity of note or contract accelerated.
- 408.178. Deferral of monthly loan payments, fee authorized for certain loans.
- 408.180. Authority of director to verify interest rates charged.
- 408.190. Certain loans exempt from sections 408.120 to 408.180, and 408.200.
- 408.193. Credit cards, no derogatory reports to credit agencies for carrying a zero balance.
- 408.200. Borrower not to be indebted on two or more contracts with same lender, when.
- 408.210. Assignment of wages or compensation--excess over loan deemed interest.
- 408.213. Changes to certain sections remedial only.
- 408.231. Definitions.
- 408.232. Rates and terms.
- 408.233. Additional charges authorized.
- 408.234. Minimum amount of loan--collateral--prepayment rights, method of computation.
- 408.235. Director may examine certain lenders.
- 408.236. Recovery of interest barred, when, exceptions--actions taken or omitted in reliance on interpretation by division of finance, effect.
- 408.237. Applicability of sections 408.231 to 408.241.
- 408.240. Penalties--actions taken or omitted in reliance on written interpretation by division, effect.
- 408.241. Prepayment fee, second mortgage loans, allowed when.
- 408.250. Definitions.
- 408.260. Time contract, how executed--required contents--additional notes to cut off buyer's rights prohibited--waiver of buyer's legal remedies prohibited.
- 408.270. Retail time contracts negotiated by mail--delivery unnecessary--notice of insertions in blanks.
- 408.280. Insurance purchased to secure retail time contract, regulation.
- 408.290. Retail charge agreement--form--delivery to buyer--contents.
- 408.300. Time charges, amount authorized on retail time contracts--retail charge agreements, time charges authorized.
- 408.310. Assignments of retail time contracts and charge agreements--notice to buyer, effect.
- 408.320. Buyer may pay retail time contract debt before maturity--refund of charges.
- 408.330. Delinquency and collection charges permitted--insurance premium in lieu of perfecting security interest authorized--attorney fees--consolidation of contracts.
- 408.340. Applicability to prior transactions.
- 408.350. Waiver of provisions void.
- 408.360. Citation of law.
- 408.365. Acceleration clauses, repossession or confession of judgment by power of attorney, right of entry to repossess and waiver of damages from repossession provisions, prohibited.
- 408.370. Violation, penalty--effect on time and other charges--correction.
- 408.375. Retail installment agreement, deemed signed or accepted, when.
- 408.400. Definitions.
- 408.405. Defenses or setoffs arising from transaction good against holder of security instrument, when.
- 408.410. Exempt transactions.
- 408.415. Chapter 400 is modified by provisions of sections 408.400 to 408.415.
- 408.450. (Repealed L. 2003 H.B. 221 § A merged with S.B. 346 § A)
- 408.455. Variable rate agreements subject to certain provisions.
- 408.460. (Repealed L. 2003 H.B. 221 § A merged with S.B. 346 § A)
- 408.465. (Repealed L. 2003 H.B. 221 § A merged with S.B. 346 § A)
- 408.467. (Repealed L. 2003 H.B. 221 § A merged with S.B. 346 § A)
- 408.470. (Repealed L. 2003 H.B. 221 § A merged with S.B. 346 § A)
- 408.500. Unsecured loans of five hundred dollars or less, licensure of lenders, interest rates and fees allowed--penalties for violations--cost of collection expenses--notice required, form.
- 408.505. Term of loans, charges permitted, repayment, return check charge.
- 408.506. Report to the general assembly, contents.
- 408.510. Licensure of consumer installment lenders--interest and fees allowed.
- 408.550. Discrimination prohibited--damages recoverable.
- 408.551. Applicability of sections 408.551 to 408.562--credit transaction defined.
- 408.552. Enforceability of default provisions.
- 408.553. Recovery limitation.
- 408.554. Notice of default, contents, form, delivery.
- 408.555. Acceleration, repossession and cancellation restricted--required procedures--borrower's right to cure.
- 408.556. Actions arising from default, contents of petition--default judgment requires sworn testimony--recovery of unpaid balances.
- 408.557. Notice required before deficiency action may be commenced.
- 408.558. Security interests not to be taken, when.
- 408.560. Unenforceable provisions in note or credit contract.
- 408.562. Damages recoverable for violation.
- 408.570. Definitions.
- 408.575. Denial of loans prohibited, when, reasons for.
- 408.580. Applications to be accepted--written reasons for rejection required--display of statute required--retention of records--rulemaking, procedure.
- 408.585. Limitation on requirements of sections 408.570 to 408.600.
- 408.590. Division directors to make determinations--regulations authorized--annual reports required, contents.
- 408.592. Nonsupervised financial institutions to report--contents of report--duties of director of division of finance.
- 408.595. Financial institutions to make other annual report, contents.
- 408.600. Division directors to enforce provisions of sections 408.570 to 408.600--complaints, how handled--hearings--remedies.
- 408.653. (Repealed L. 2003 H.B. 221 § A merged with S.B. 346 § A)
- 408.654. (Repealed L. 2003 H.B. 221 § A merged with S.B. 346 § A)
- 408.675. Citation of law--definitions.
- 408.677. Government access to records, when--requirements.
- 408.680. Financial institution may not disclose, exceptions, requirements.
- 408.682. Customer authorization, requirements.
- 408.683. Subpoena, government may obtain records with, when--procedure--notice required.
- 408.685. Delay of notice, allowed when--postdisclosure notice, form of.
- 408.686. Challenge to subpoena--procedure, appeals.
- 408.687. Financial institution to assemble records upon subpoena--delivery of records, when.
- 408.689. Transfer of records to additional agency, allowed when--notice.
- 408.690. Nonprohibited disclosure activities.
- 408.692. Law not applicable to government authority, when--procedure.
- 408.693. Fee paid to financial institution, amount, how determined.
- 408.695. Statute of limitations.
- 408.696. Civil liability for violation, amount--disciplinary action against agency employee, when--good faith a valid defense, when--exclusive remedy.
- 408.697. Injunctive relief, allowed when.
- 408.699. Statute of limitations, tolled when.
- 408.700. Subpoena issued under authority of grand jury, records, use of.