408.100. Applicability of section--rate of interest.
Applicability of section--rate of interest.
408.100. This section shall apply to all loans which are not made aspermitted by other laws of this state except that it shall not apply toloans which are secured by a lien on real estate, nonprocessed farmproducts, livestock, farm machinery or crops or to loans to corporations.On any loan subject to this section, any person, firm, or corporation maycharge, contract for and receive interest on the unpaid principal balanceat rates agreed to by the parties.
(L. 1951 p. 875 § 408.031, A.L. 1959 H.B. 320, A.L. 1979 S.B. 305, A.L. 1985 H.B. 358 & 440, A.L. 1998 S.B. 792)