reglab/housing_qa huggingface dataset:
MO Rev Stat § 362.1116 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1116 - Rulemaking authority.

Effective - 28 Aug 2017   362.1116. Rulemaking authority. — The secretary may issue forms and orders and, after notice and comment, may adopt and amend rules necessary or appropriate to carry out the provisions of sections 362.1010 to 362.1117 and may repeal rules and forms. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1117 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1117 - Hearing for aggrieved interested persons — judicial review for cease and desist orders and rules.

Effective - 28 Aug 2017   362.1117. Hearing for aggrieved interested persons — judicial review for cease and desist orders and rules. — 1. Except as otherwise provided in sections 362.1010 to 362.1117, any interested person aggrieved by any order of the secretary or secretary's designee under any provision of sections 362.1010 to 362.1117 shall be entitled to a hearing before the secretary or the secretary's authorized representative in accordance with the provisions of chapter 536. A cease and desist order issued by the secretary or secretary's designee is subject to judicial review in accordance with the provisions of chapter 536 in the circuit court of Cole County.  2. A rule adopted under sections 362.1010 to 362.1117 is subject to judicial review in accordance with the provisions of chapter 536 in the circuit court of Cole County. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 362.1118 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 362 - Banks and Trust Companies|Section 362.1118 - Severability clause.

Effective - 28 Aug 2017   362.1118. Severability clause. — If any provision of sections 362.1010 to 362.1117 or its application to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of sections 362.1010 to 362.1117 that can be given effect without the invalid provision or application, and to this end the provisions of sections 362.1010 to 362.1117 are severable. ­­-------- (L. 2017 H.B. 292)
MO Rev Stat § 364.010 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.010 - Citation of law.

Effective - 28 Aug 1963, 2 histories   364.010. Citation of law. — This chapter may be cited as the "Missouri Financing Institution Licensing Law". ­­-------- (L. 1963 p. 463 § 1)
MO Rev Stat § 364.020 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.020 - Definitions.

Effective - 28 Aug 1963, 2 histories   364.020. Definitions. — Unless otherwise clearly indicated by the context, when used in this chapter, the following terms mean:  (1) "Director", the office of the director of the division of finance.  (2) "Financing institution", a person engaged in the business of purchasing or otherwise acquiring retail time contracts or accounts under retail charge agreements from one or more sellers. The term includes but is not limited to a bank, trust company, loan and investment company, savings and loan association, licensed sales finance company as the same is defined in the Missouri motor vehicle time sales law (chapter 365) or registrant under sections 367.100 to 367.200, if so engaged; but does not include a distributor insofar as he takes assignments of retail installment purchase contracts covering goods which were distributed by him to the retailer thereof.  (3) "Person", an individual, partnership, corporation, association, and any other group however organized. Words used herein shall have the same meaning as is ascribed to such words in the Missouri retail credit sales law (sections 408.250 to 408.370). ­­-------- (L. 1963 p. 463 § 2)
MO Rev Stat § 364.030 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.030 - Financial institutions to obtain license, exceptions — application — fee.

Effective - 28 Aug 2015, 2 histories   *364.030. Financial institutions to obtain license, exceptions — application — fee. — 1. No person shall engage in the business of a financing institution in this state without a license therefor as provided in this chapter; except, however, that no bank, trust company, loan and investment company, licensed sales finance company, registrant under the provisions of sections 367.100 to 367.200, or person who makes only occasional purchases of retail time contracts or accounts under retail charge agreements and which purchases are not being made in the course of repeated or successive purchase of retail installment contracts from the same seller, shall be required to obtain a license under this chapter but shall comply with all the laws of this state applicable to the conduct and operation of a financing institution.  2. The application for the license 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 incorporation, if incorporated; the address where the business is or is to be conducted and similar information as to any branch office of the applicant; the name and resident address of the owner or partners or, if a corporation or association, of the directors, trustees and principal officers, and other pertinent information as the director may require.  3. The license fee for each calendar year or part thereof shall be the sum of five hundred dollars for each place of business of the licensee in this state which shall be paid into the general revenue fund. 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.  4. Each license shall specify the location of the office or branch and must be conspicuously displayed therein. In case the location is changed, the director shall either endorse the change of location of the license or mail the licensee a certificate to that effect, without charge.  5. Upon the filing of an application, and the payment of the fee, the director shall issue a license to the applicant to engage in the business of a financing institution under and in accordance with the provisions of this chapter for a period which shall expire the last day of December next following the date of its issuance. The license shall not be transferable or assignable. No licensee shall transact any business provided for by this chapter under any other name. ­­-------- (L. 1963 p. 463 § 3, A.L. 1986 H.B. 1195, A.L. 2003 S.B. 346, A.L. 2015 H.B. 587 merged with S.B. 345)  Effective 8-28-15 (H.B. 587)  *10-16-15 (S.B. 345), see § 21.250. S.B. 345 was vetoed July 7, 2015. The veto was overridden September 16, 2015.
MO Rev Stat § 364.040 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.040 - License denied or suspended, grounds — hearing and review.

Effective - 28 Aug 1963, 2 histories   364.040. License denied or suspended, grounds — hearing and review. — 1. Renewal of a license originally granted under this chapter may be denied, or a license may be suspended or revoked by the director on the following grounds:  (1) Material misstatement of fact in any application for license under this chapter;  (2) Willful failure to comply with provisions of this chapter relating to retail time transactions;  (3) Defrauding any retail buyer to the buyer's damage;  (4) Fraudulent misrepresentation, circumvention or concealment by the licensee through whatever subterfuge or device of any of the material particulars or the nature thereof required to be stated or furnished to a buyer under the Missouri retail credit sales law (sections 408.250 to 408.370).  2. If a licensee is a firm, association or corporation, it shall be sufficient cause for the suspension or revocation of a license that any officer, director or trustee of a licensed firm, association or corporation, or any member of a licensed partnership, has so acted or failed to act as would be cause for suspending or revoking a license to the party as an individual. Each licensee shall be responsible for the acts of any or all of his employees while acting as his agent, if such licensee, after actual knowledge of the acts, retained the benefits, proceeds, profits or advantages accruing from the acts or otherwise ratified the acts.  3. No license shall be denied, suspended or revoked except after hearing thereon. The hearing and review thereof shall be conducted according to chapter 536. ­­-------- (L. 1963 p. 463 § 4)
MO Rev Stat § 364.050 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.050 - Director may investigate — buyer may make complaint.

Effective - 28 Aug 1963, 2 histories   364.050. Director may investigate — buyer may make complaint. — 1. The director, or his duly authorized representatives, shall have full power and authority at any time to make any investigation considered necessary of financing institutions and of other persons having personal knowledge of the matters under investigation and, to the extent necessary for this purpose, may compel the production of all relevant books, records, accounts and documents of financing institutions and other persons with respect to their retail time transactions.  2. Any buyer having reason to believe that his retail time transaction with respect to the Missouri retail credit sales law (sections 408.250 to 408.370) has been violated may file with the director a written complaint setting forth the details of the alleged violation, and the director, upon receipt of the complaint, may inspect the pertinent books, records, letters and contracts of the financing institution and of the seller involved relating to the specific written complaint. ­­-------- (L. 1963 p. 463 § 5)
MO Rev Stat § 364.060 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.060 - Director may promulgate rules and regulations, issue subpoenas — enforcement — rulemaking, procedure, generally, this chapter.

Effective - 28 Aug 1995, 2 histories   364.060. Director may promulgate rules and regulations, issue subpoenas — enforcement — rulemaking, procedure, generally, this chapter. — 1. The director shall have the power to adopt and promulgate all rules and regulations necessary to carry out the intent and purposes of this chapter. A copy of every rule or regulation shall be mailed to each financing institution, postage prepaid, at least fifteen days in advance of its effective date; except, however, the failure of a financing institution to receive a copy of the rules or regulations shall not exempt it from the duty of compliance with the rules and regulations lawfully promulgated hereunder.  2. The director shall have the power to issue subpoenas to compel the attendance of witnesses and the production of documents, papers, books, records and other evidence before him in any matter over which he has jurisdiction, control or supervision pertaining to this chapter. The director shall have the power to administer oaths and affirmations to any persons whose testimony is required.  3. If any person refuses to obey any such subpoena, or to give testimony or to produce evidence as required thereby, any judge of the circuit court of the county in which the licensed premises are located may, upon application and proof of the refusal, make an order awarding process of subpoena, or subpoena duces tecum, for the witness to appear before the director and to give testimony, and to produce evidence as required thereby. Upon filing the order in the office of the clerk of the court, the clerk shall issue process of subpoena, as directed, under the seal of the court, requiring the person to whom it is directed to appear at the time and place therein designated.  4. If any person served with any subpoena shall refuse to obey and to give testimony, and to produce evidence as required thereby, the director may apply to the judge of the court issuing the subpoena for an attachment against the person as for a contempt. The judge, upon satisfactory proof of the refusal, shall issue an attachment, directed to any sheriff, constable or police officer, for the arrest of the person, and upon his being brought before the judge, proceed to a hearing of the case. The judge shall have power to enforce obedience to the subpoena, and the answering of any question, and the production of any evidence, that may be proper by a fine, not exceeding one hundred dollars or by imprisonment in the county jail, or by both fine and imprisonment, and to compel the witness to pay the costs of the proceeding to be taxed.  5. No rule or portion of a rule promulgated under the authority of this chapter shall become effective unless it has been promulgated pursuant to the provisions of section 536.024. ­­-------- (L. 1963 p. 463 § 6, A.L. 1993 S.B. 52, A.L. 1995 S.B. 3)
MO Rev Stat § 364.070 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.070 - Penalties.

Effective - 28 Aug 1963, 2 histories   364.070. Penalties. — Any person who knowingly violates any provision of this chapter or of any law of this state relating to the business of a financing institution in this state without a license therefor except as provided in this chapter is guilty of a misdemeanor and upon conviction shall be punished by a fine of not more than five hundred dollars or by confinement in the county jail for not more than six months or both. ­­-------- (L. 1963 p. 463 § 7)
MO Rev Stat § 364.100 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.100 - Definitions.

Effective - 28 Aug 1984, 2 histories   364.100. Definitions. — As used in sections 364.100 to 364.160, the following terms shall mean:  (1) "Director", the director of the division of finance of the state of Missouri;  (2) "Person", an individual, partnership, association, business corporation, nonprofit corporation, common law trust, joint-stock company, or any other group of individuals, however organized;  (3) "Premium finance agreement", an agreement by which an insured or prospective insured promises to pay to a premium finance company the amount advanced or to be advanced to an insurer or to an insurance agent or broker in payment of premiums of an insurance contract together with interest or discount and a service charge, as authorized and limited by sections 364.100 to 364.160;  (4) "Premium finance company", a person engaged in the business of entering into premium finance agreements or acquiring premium finance agreements from other premium finance companies. ­­-------- (L. 1984 S.B. 636 § 1)
MO Rev Stat § 364.105 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.105 - Registration required — fee — forms.

Effective - 28 Aug 2015   *364.105. Registration required — fee — forms. — 1. No person shall engage in the business of a premium finance company in this state without first registering as a premium finance company with the director.  2. The annual registration fee shall be five hundred dollars payable to the director as of the first day of July of each year. 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.  3. Registration shall be made on forms prepared by the director and shall contain the following information:  (1) Name, business address and telephone number of the premium finance company;  (2) Name and business address of corporate officers and directors or principals or partners;  (3) A sworn statement by an appropriate officer, principal or partner of the premium finance company that:  (a) The premium finance company is financially capable to engage in the business of insurance premium financing; and  (b) If a corporation, that the corporation is authorized to transact business in this state;  (4) If any material change occurs in the information contained in the registration form, a revised statement shall be submitted to the director accompanied by an additional fee of three hundred dollars. ­­-------- (L. 1984 S.B. 686 § 2, A.L. 1986 H.B. 1195, A.L. 2003 S.B. 346, A.L. 2015 H.B. 587 merged with S.B. 345)  Effective 8-28-15 (H.B. 587)  *10-16-15 (S.B. 345), see § 21.250. S.B. 345 was vetoed July 7, 2015. The veto was overridden September 16, 2015.
MO Rev Stat § 364.110 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.110 - Records to be maintained by company.

Effective - 28 Aug 1984, 2 histories   364.110. Records to be maintained by company. — 1. A premium finance company shall maintain records of its premium finance transactions.  2. A premium finance company shall preserve its records of premium finance transactions, including cards used in a card system, if any, for at least two years after making the final entry with respect to any premium finance agreement. The preservation of records in photographic, microfilm or microfiche form constitutes compliance with this section. ­­-------- (L. 1984 S.B. 686 § 3)
MO Rev Stat § 364.115 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.115 - Premium finance agreement, requirements, contents.

Effective - 28 Aug 1984   364.115. Premium finance agreement, requirements, contents. — A premium finance agreement shall:  (1) Be dated and signed by or on behalf of the insured, and the printed portion thereof shall be in at least eight point type;  (2) Contain the name and place of business of the insurance agent or broker negotiating the related insurance contract, the name and residence or place of business of the insured, the name and place of business of the premium finance company to which payments are to be made, a brief description of the insurance contracts involved and the amount of the premium; and  (3) Set forth the following items, where applicable:  (a) The total amount of the premium;  (b) The amount of the down payment;  (c) The principal balance, meaning the difference between the amounts stated under paragraphs (a) and (b) of this subdivision;  (d) The amount of the interest or discount;  (e) The balance payable by the insured, meaning the sum of amounts stated under paragraphs (c) and (d) of this subdivision; and  (f) The number of installments required, the amount of each installment expressed in dollars, and the due date or period thereof. ­­-------- (L. 1984 S.B. 686 § 4)
MO Rev Stat § 364.120 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.120 - Interest or discount, amount allowed, computation — prepayment of obligation — refund credit, calculation.

Effective - 01 Jul 2003, 2 histories   364.120. Interest or discount, amount allowed, computation — prepayment of obligation — refund credit, calculation. — 1. A premium finance company shall not charge, contract for, receive, or collect any interest or discount charge other than as permitted by sections 364.100 to 364.160.  2. The interest or discount is to be computed on the balance of the premiums due, after subtracting the down payment made by the insured in accordance with the premium finance agreement, from the effective date of the insurance contract, for which the premiums are being advanced, to and including the date when the final installment of the premium finance agreement is payable.  3. The interest or discount shall be a maximum of fifteen dollars per one hundred dollars per year, which shall be computed as a fifteen percent add-on interest rate, plus an additional service charge of ten dollars per premium finance agreement which need not be refunded on cancellation or prepayment; except that, if the insurance premiums being financed are for other than personal, family or household purposes, the parties to the premium finance agreement may agree to any rate of interest which shall be stated in the premium finance agreement. The interest or discount permitted by this subsection anticipates timely repayment in consecutive monthly installments equal in amount for a period of one year. For repayment in greater or lesser periods or in unequal, irregular, or other than monthly installments, the interest or discount may be computed at an equivalent effective rate having due regard for the timely payments of installments.  4. Notwithstanding the provisions of any premium finance agreement, any insured may prepay the obligation in full at any time and shall receive a refund credit. The amount of the refund shall be calculated by the actuarial method of calculating refunds and no more interest shall be retained by the lender than is actually earned. ­­-------- (L. 1984 S.B. 686 § 5, A.L. 1986 H.B. 1207, A.L. 2002 S.B. 895)  Effective 7-01-03
MO Rev Stat § 364.125 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 364 - Retail Credit Financing Institutions|Section 364.125 - Other charges allowed.

Effective - 28 Aug 1984   364.125. Other charges allowed. — 1. A premium finance agreement may provide for the payment by the insured of a delinquency charge of up to five percent of any installment which is in default for a period of five days or more. If the premium finance agreement is for personal, family or household purposes, then the maximum delinquency charge shall be fifteen dollars. If the default results in the cancellation of any insurance contract listed in the agreement, the agreement may provide for the payment by the insured of a cancellation charge of fifteen dollars.  2. A premium finance agreement may provide for payment of collection costs and attorney's fees equal to twenty percent of the outstanding indebtedness if the premium finance agreement is referred for collection to a collection agency or attorney who are not salaried employees of the premium finance company.  3. None of the charges referred to in this section shall be considered, directly or indirectly, in determining whether a violation of the usury laws has occurred under a premium finance agreement. ­­-------- (L. 1984 S.B. 686 § 6)