reglab/housing_qa huggingface dataset:
MO Rev Stat § 367.500 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.500 - Definitions.

Effective - 28 Aug 2008   367.500. Definitions. — As used in sections 367.500 to 367.533, unless the context otherwise requires, the following terms mean:  (1) "Borrower", a person who borrows money pursuant to a title loan agreement;  (2) "Capital", the assets of a person less the liabilities of that person. Assets and liabilities shall be measured according to generally accepted accounting principles;  (3) "Certificate of title", a state-issued certificate of title or certificate of ownership for personal property;  (4) "Director", the director of the division of finance or its successor agency;  (5) "Person", any resident of the state of Missouri or any business entity formed under Missouri law or duly qualified to do business in Missouri;  (6) "Pledged property", personal property, ownership of which is evidenced and delineated by a title;  (7) "Title lender", a person qualified to make title loans pursuant to sections 367.500 to 367.533 who maintains at least one title lending office within the state of Missouri, which office is open for the conduct of business not less than thirty hours per week, excluding legal holidays;  (8) "Title lending office" or "title loan office", a location at which, or premises in which, a title lender regularly conducts business;  (9) "Title loan agreement", a written agreement between a borrower and a title lender in a form which complies with the requirements of sections 367.500 to 367.533. The title lender shall perfect its lien pursuant to sections 301.600 to 301.660 but need not retain physical possession of the titled personal property at any time; and  (10) "Titled personal property", any personal property excluding property qualified to be a personal dwelling the ownership of which is evidenced by a certificate of title. ­­-------- (L. 1998 H.B. 1526 § 1, A.L. 2001 H.B. 738 merged with S.B. 186, A.L. 2008 S.B. 788)
MO Rev Stat § 367.503 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.503 - Allows division of finance to regulate lending on titled property.

Effective - 28 Aug 2001   367.503. Allows division of finance to regulate lending on titled property. — 1. The director shall administer and regulate sections 367.500 to 367.533. The director, deputy director, other assistants and examiners, and all special agents and other employees shall keep all information concerning title lenders confidential as required by sections 361.070 and 361.080.  2. No employee of the division of finance shall have any ownership or interest in any title loan business or receive directly or indirectly any payment or gratuity from any such entity.  3. The director shall issue as many title loan licenses as may be applied for by qualified applicants.  4. No rule or portion of a rule promulgated pursuant to the authority of sections 367.500 to 367.533 shall become effective unless it has been promulgated pursuant to the provisions of chapter 536. ­­-------- (L. 1998 H.B. 1526 § 2, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.506 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.506 - Licensure of title lenders, penalty.

Effective - 28 Aug 2001   367.506. Licensure of title lenders, penalty. — 1. Any person who acts as a title lender without a title loan license is subject to both civil and criminal penalties.  2. All title loan agreements entered into by a person who acts in violation of the licensing requirements of sections 367.500 to 367.533, and all title pledges accepted by such person, shall be null and void. Any borrower who enters into a title loan agreement with a person who acts in violation of the provisions of sections 367.500 to 367.533 shall not be bound by such agreement, and such borrower's only liability shall be for the return of the principal.  3. The attorney general may initiate a civil action against any person who acts as a title lender without a title loan license. Such action shall be commenced in the circuit court for any county in which the person executed any title loan agreement and any county in which any of the pledged titled personal property is normally kept. The civil penalty for title lending without a title loan license shall be not less than one thousand dollars and not more than five thousand dollars for each day that a person acts in violation of the licensing requirement. If the violation of the licensing requirement is intentional or knowing, the person shall be barred from applying for a title loan license for a period of five years from the date of the last violation.  4. A first offense violation of the licensing requirement pursuant to this section shall be a class C misdemeanor. Second and subsequent offenses shall be class A misdemeanors. For purposes of jurisdiction and venue, the crime of unlawful title lending shall be deemed to have occurred in both the county in which an unlawful title loan agreement was executed and the county in which the pledged property is normally kept. ­­-------- (L. 1998 H.B. 1526 § 3, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.509 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.509 - Qualifications of applicants, fee, license issued, when.

Effective - 28 Aug 2003   367.509. Qualifications of applicants, fee, license issued, when. — 1. A title loan license applicant must have and maintain capital of at least seventy-five thousand dollars at all times.  2. The license application shall be in writing, under oath and in the form prescribed by the director. The application shall contain the name of the applicant, date of formation if a business entity, the address of each title loan office operated or sought to be operated, the name and residential address of the owner, partners, directors, trustees and principal officers, and such other pertinent information as the director may require. A corporate surety bond in the principal sum of twenty thousand dollars per location shall accompany each license application. The bond shall be in a form satisfactory to the director and shall be issued by a bonding company or insurance company authorized to do business in this state in order to ensure the faithful performance of the obligations of the applicant and the applicant's agents and subagents in connection with title loan activities. An applicant or licensee may, in lieu of filing any bond required pursuant to this section, provide the director with an irrevocable letter of credit as defined in section 400.5-103 in the amount of twenty thousand dollars per location, issued by any bank, trust company, savings and loan or credit union operating in Missouri in a form acceptable to the director.  3. Every person applying for a title loan license shall pay one thousand dollars as an investigation fee. Applicants for additional title lending licenses shall pay one thousand dollars per additional location as an investigation fee. The lender shall, beginning with the first license renewal, pay annually to the director a fee of one thousand dollars for each licensed location.  4. Each license shall specify the location of the title loan office and shall be conspicuously displayed therein. Before any title lending office may relocate, the director shall approve such relocation by mailing the licensee a new license to that effect, without charge.  5. Upon the filing of the application, and the payment of the fee, by a person eligible to apply for a title loan license, the director shall issue a license to engage in the title loan business in accordance with sections 367.500 to 367.533. The licensing year shall commence on January first and end the following December thirty-first. The director may establish a biennial licensing arrangement but in no case shall the fees be payable for more than one year at a time. Each license shall be uniquely numbered and shall not be transferable or assignable. ­­-------- (L. 1998 H.B. 1526 § 4, A.L. 2001 H.B. 738 merged with S.B. 186, A.L. 2003 S.B. 346)
MO Rev Stat § 367.512 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.512 - Title loan requirements — liability of borrower.

Effective - 28 Aug 2001   367.512. Title loan requirements — liability of borrower. — 1. Every title loan, and each extension or renewal of such title loan, shall be in writing, signed by the borrower and shall provide that:  (1) The title lender agrees to make a loan to the borrower, and the borrower agrees to give the title lender a security interest in unencumbered titled personal property;  (2) Whether the borrower consents to the title lender keeping possession of the certificate of title;  (3) The borrower shall have the right to redeem the certificate of title by repaying the loan in full and by complying with the title loan agreement which may be for any agreed period of time not less than thirty days;  (4) The title lender shall renew the title loan agreement upon the borrower's written request and the payment by the borrower of any interest due at the time of such renewal. However, upon the third renewal of any title loan agreement, and any subsequent renewal, the borrower shall reduce the principal by ten percent until such loan is paid in full;  (5) When the loan is satisfied, the title lender shall release its lien and return the title to the borrower;  (6) If the borrower defaults, the title lender shall be allowed to take possession of the titled personal property after compliance with chapter 400, sections 408.551 to 408.557, and sections 408.560 to 408.562;  (7) Upon obtaining possession of the titled personal property in accordance with chapter 400, sections 408.551 to 408.557, and sections 408.560 to 408.562, the title lender shall be authorized to sell the titled personal property in accordance with chapter 400, sections 408.551 to 408.557, and sections 408.560 to 408.562, and to convey to the buyer thereof good title thereto.  2. Any borrower who obtains a title loan under false pretenses by hiding or not disclosing the existence of a valid prior lien or security interest affecting the titled personal property shall be personally liable to the title lender for the full amount stated in the title loan agreement. ­­-------- (L. 1998 H.B. 1526 § 5, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.515 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.515 - Interest and fees.

Effective - 28 Aug 2001   367.515. Interest and fees. — A title lender shall contract for and receive simple interest and fees in accordance with sections 408.100 and 408.140. ­­-------- (L. 1998 H.B. 1526 § 6, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.518 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.518 - Title loan agreements, contents, form.

Effective - 28 Aug 2002   367.518. Title loan agreements, contents, form. — 1. Each title loan agreement shall disclose the following:  (1) All disclosures required by the federal Truth in Lending Act and regulation Z;  (2) That the transaction is a loan secured by the pledge of titled personal property and, in at least ten-point bold type, that nonpayment of the loan may result in loss of the borrower's vehicle or other titled personal property;  (3) The name, business address, telephone number and certificate number of the title lender, and the name and residential address of the borrower;  (4) The monthly interest rate to be charged;  (5) A statement which shall be in at least ten-point bold type, separately acknowledged by the signature of the borrower and reading as follows: You may cancel this loan without any costs by returning the full principal amount to the lender by the close of the lender's next full business day;  (6) The location where the titled personal property may be delivered if the loan is not paid and the hours such location is open for receiving such deliveries; and  (7) Any additional disclosures deemed necessary by the director or required pursuant to sections 400.9-101 to 400.9-710.  2. The division of finance is directed to draft a form to be used in title loan transactions. Use of this form is not mandatory; however, use of such form, properly completed, shall satisfy the disclosure provisions of this section. ­­-------- (L. 1998 H.B. 1526 § 7, A.L. 2001 H.B. 738 merged with S.B. 186, A.L. 2002 S.B. 895)
MO Rev Stat § 367.521 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.521 - Redemption of certificate of title — expiration or default, lender may proceed against collateral.

Effective - 28 Aug 2001   367.521. Redemption of certificate of title — expiration or default, lender may proceed against collateral. — The borrower shall be entitled to redeem the security by timely satisfaction of the terms of the title loan agreement. Upon expiration or default of a title loan agreement, the title lender may proceed against the collateral pursuant to chapter 400, and with sections 408.551 to 408.557, and sections 408.560 to 408.562. ­­-------- (L. 1998 H.B. 1526 § 8, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.524 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.524 - Records of loan agreements.

Effective - 28 Aug 2001   367.524. Records of loan agreements. — 1. Every title lender shall keep a consecutively numbered record of each title loan agreement executed, which number shall be placed on the corresponding title loan agreement itself. Such record shall include the following:  (1) A clear and accurate description of the titled personal property, including its vehicle identification or serial number, license plate number, year, make, model, type, and color;  (2) The date of the title loan agreement;  (3) The amount of the loan;  (4) The date of maturity of the loan; and  (5) The name, date of birth, Social Security number, residential address, and the type of photo identification of the borrower.  2. The title lender shall photocopy the photo identification of the borrower or shall take an instant photograph of the borrower, and shall attach such photocopy or photograph to the lender's copy of the title loan agreement and all renewals.  3. The borrower shall sign the title loan agreement and shall be provided with a copy of such agreement. The title lender, or the lender's employee or agent shall also sign the title loan agreement. The title lender shall provide each customer with and retain a photocopy of the pledged title at the time the note is signed.  4. The title lender shall keep the numbered records and copies of its title loan agreements, including a copy of the notice required pursuant to subsection 1 of section 367.525, for a period of no less than two years from the date of the closing of the last transaction reflected therein. A title lender who ceases engaging in the business of making title loans shall keep these records for at least two years from the date the lender ceased engaging in the business. A title lender must notify the director to request an examination at least ten days before ceasing business.  5. The records required by this section shall be made available for inspection by any employee of the division of finance upon request during ordinary business hours without warrant or court order. ­­-------- (L. 1998 H.B. 1526 § 9, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.525 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.525 - Notice to borrower prior to acceptance of title loan application.

Effective - 28 Aug 2001   367.525. Notice to borrower prior to acceptance of title loan application. — 1. Before accepting a title loan application, the lender shall provide the borrower the following notice in at least ten-point bold type and receipt thereof shall be acknowledged by signature of the borrower:    (Name of Lender)   NOTICE TO BORROWER   (1.) Your automobile title will be pledged as security for the loan. If the loan is not repaid in full, including all finance charges, you may lose your automobile.   (2.) This lender offers short-term loans. Please read and understand the terms of the loan agreement before signing.   I have read the above "NOTICE TO BORROWER" and I understand that if I do not repay this loan that I may lose my automobile.    __________________       Borrower      __________________       Date      2. If the loan is secured by titled personal property other than an automobile, the lender shall either provide a form with the proper word describing the security or else shall strike the word "automobile" from the three places it appears, write or print in the type of titled personal property serving as security and have the customer initial all three places.  3. The title lender shall post in a conspicuous location in each licensed office, in at least fourteen-point bold type the maximum rates that such title lender is currently charging on any loans made and the statement:  NOTICE: Borrowing from this lender places your automobile at risk. If this loan is not repaid in full, including all finance charges, you may lose your automobile. This lender offers short-term loans. Please read and understand the terms of the loan agreement before signing.  4. When making or negotiating loans, the title lender shall take into consideration in determining the size and duration of a loan contract the financial ability of the borrower to reasonably repay the loan in the time and manner specified in the loan contract. ­­-------- (L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.527 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.527 - Limitations of title lenders.

Effective - 28 Aug 2001   367.527. Limitations of title lenders. — 1. A title lender shall not:  (1) Accept a pledge from a person under eighteen years of age or from anyone who appears to be intoxicated;  (2) Make a loan which exceeds five thousand dollars;  (3) Accept any waiver of any right or protection of a borrower;  (4) Fail to exercise reasonable care to protect from loss or damage certificates of title or titled personal property in the physical possession of the title lender;  (5) Purchase titled personal property in the operation of its business;  (6) Enter into a title loan agreement unless the borrower presents clear title at the time that the loan is made;  (7) Knowingly violate any provision of sections 367.500 to 367.533 or any rule promulgated thereunder;  (8) Violate any provision of sections 408.551 to 408.557 and sections 408.560 to 408.562; or  (9) Store repossessed titled personal property at a location more than fifteen miles from the office where the title loan agreement was executed.  2. If a title lender enters into a transaction contrary to this section, the loan and the lien shall be void. ­­-------- (L. 1998 H.B. 1526 § 10, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.530 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.530 - Safekeeping of certificates of title — liability insurance maintained, when — liability of title lender.

Effective - 28 Aug 2001   367.530. Safekeeping of certificates of title — liability insurance maintained, when — liability of title lender. — 1. Every title lender shall maintain a fireproof place for the pledged certificates of title and a safe place for pledged property delivered to or repossessed by the title lender.  2. Every title lender shall maintain premises liability insurance in an amount of not less than one million dollars per occurrence for the benefit of customers and employees, which insurance shall provide coverage for, among other risks, injuries caused by the criminal acts of third parties.  3. A title lender shall not be liable for any loss or injury occasioned or caused by the use of pledged property unless the pledged property is actually in the title lender's possession.  4. A title lender shall be strictly liable to the borrower for any loss to pledged property in the title lender's possession. ­­-------- (L. 1998 H.B. 1526 § 11, A.L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.531 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.531 - Applicability to certain transactions.

Effective - 28 Aug 2001   367.531. Applicability to certain transactions. — The provisions of sections 408.552 to 408.557 and sections 408.560 to 408.562 are applicable to all transactions pursuant to sections 367.500 to 367.533. ­­-------- (L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.532 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.532 - Violations, penalties.

Effective - 28 Aug 2001   367.532. Violations, penalties. — 1. Any title lender which fails, refuses or neglects to comply with sections 367.500 to 367.533, sections 408.551 to 408.557, sections 408.560 to 408.562, or any laws relating to title loans or commits any criminal act may have its license suspended or revoked by order of the director after a hearing before said director on an order of the director to show cause why such order of suspension or revocation should not be entered specifying the grounds therefor which shall be served on the title lender at least ten days prior to the hearing.  2. Whenever it shall appear to the director that any title lender is failing, refusing or neglecting to make a good faith effort to comply with the provisions of sections 367.500 to 367.533, or any laws relating to consumer loans, the director may issue an order to cease and desist which order may be enforceable by a civil penalty of not more than one thousand dollars per day for each day that the neglect, failure or refusal shall continue. The penalty shall be assessed and collected by the director. In determining the amount of the penalty, the director shall take into account the appropriateness of the penalty with respect to the gravity of the violation, the history of previous violations, and such other matters as justice may require. ­­-------- (L. 2001 H.B. 738 merged with S.B. 186)
MO Rev Stat § 367.533 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 367 - Pawnbrokers and Small Loans|Section 367.533 - Pawn or pawnbroker title prohibited.

Effective - 28 Aug 1998   367.533. Pawn or pawnbroker title prohibited. — No business licensed pursuant to sections 367.500 to 367.530 shall use the terms "pawn" or "pawnbroker" in its title, business name or advertising. ­­-------- (L. 1998 H.B. 1526 § 12)
MO Rev Stat § 368.010 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 368 - Loan and Investment Companies|Section 368.010 - Definition.

Effective - 28 Aug 1939   368.010. Definition. — The term "loan and investment company" as used in this chapter means any corporation formed under the provisions of this chapter. ­­-------- (RSMo 1939 § 5418)  Prior revisions: 1929 § 4979; 1919 § 10189