reglab/housing_qa huggingface dataset:
MO Rev Stat § 408.380 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.380 - Sale of certain financial products and plans associated with certain loan transactions not prohibited.

Effective - 28 Aug 2011   408.380. Sale of certain financial products and plans associated with certain loan transactions not prohibited. — 1. Notwithstanding any provision of sections 408.140, 408.233, 408.300, or any other law to the contrary, no provision of such sections shall be construed to prohibit the sale of a deficiency waiver addendum, guaranteed asset protection, or a similar product purchased as part of a loan transaction with collateral and at the borrower's consent, provided the cost of the product is reasonable and is disclosed in the loan contract. The borrower's consent to the purchase of the deficiency waiver addendum, guaranteed asset protection, or a similar product shall be in writing and acknowledge receipt of the required disclosures by the borrower. The creditor shall retain a copy for the file.  2. Each deficiency waiver addendum, guaranteed asset protection, or other similar product shall provide that in the event of termination of the product prior to the scheduled maturity date of the indebtedness, any refund of an amount paid by the debtor for such product shall be paid or credited promptly to the person entitled thereto; provided, however, that no refund of less than one dollar need be made. The formula to be used in computing the refund shall be the pro rata method.  3. Any debtor may cancel a deficiency waiver addendum, guaranteed asset protection, or other similar product within fifteen days of its purchase and shall receive a complete refund or credit of premium. This right shall be set forth in the loan contract, or by separate written disclosure. This right shall be disclosed at the time the debt is incurred in ten-point type and in a manner reasonably calculated to inform the debtor of this right. ­­-------- (L. 2011 S.B. 83)
MO Rev Stat § 408.400 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.400 - Definitions.

Effective - 28 Aug 1983   408.400. Definitions. — 1. As used in sections 408.400 to 408.415, unless the context otherwise requires:  (1) "Arranged" means to provide or offer to provide a loan which is or will be extended by another person under a business or other relationship pursuant to which the person arranging such loan receives or will receive a fee, compensation, or other consideration for such service or has knowledge of the terms of the loan and participates in the preparation of the instruments required in connection with the extension of the loan;  (2) "Consumer goods or services" means goods or services for use primarily for personal, family or household purposes.  2. The definitions in Articles 1, 3 and 9 of chapter 400 are applicable to sections 408.400 to 408.415. ­­-------- (L. 1974 H.B. 1047, et al. § 1, A.L. 1983 H.B. 713 Revision)
MO Rev Stat § 408.405 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.405 - Defenses or setoffs arising from transaction good against holder of security instrument, when.

Effective - 28 Aug 1974   408.405. Defenses or setoffs arising from transaction good against holder of security instrument, when. — The rights of a holder or assignee of an instrument, account, contract, right, chattel paper or other writing other than a check or draft, which evidences the obligation of a natural person as buyer, lessee, or borrower in connection with the purchase or lease of consumer goods or services, are subject to all defenses and setoffs of the debtor arising from or out of such sale or lease, notwithstanding any agreement to the contrary, only as to amounts then owing and as a matter of defense to or setoff against a claim by the holder or assignee; provided, however, with respect to goods only, the rights of the debtor under this section may be asserted to the seller at the address at which he did business at the time of the sale and must be so asserted within ninety days after receipt of the goods. ­­-------- (L. 1974 H.B. 1047, et al. § 2)  (1986) Home improvements held to be "consumer goods" within the meaning of this section. Roosevelt Federal Savings & Loan Ass'n. v. Crider, 722 S.W.2d 325 (Mo.App. S.D.).
MO Rev Stat § 408.410 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.410 - Exempt transactions.

Effective - 28 Aug 1974   408.410. Exempt transactions. — Sections 408.400 to 408.415 are not applicable to:  (1) An instrument or other writing which evidences a loan or indebtedness to a lender or person, other than a seller or lessor, which was not arranged by a seller or lessor, the proceeds of which are used by the buyer or lessee to satisfy an obligation to a seller or lessor;  (2) Credit card sales on a credit card issued by an issuer other than the seller. ­­-------- (L. 1974 H.B. 1047, et al. § 3)
MO Rev Stat § 408.415 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.415 - Chapter 400 is modified by provisions of sections 408.400 to 408.415.

Effective - 28 Aug 1974   408.415. Chapter 400 is modified by provisions of sections 408.400 to 408.415. — Subject to the provisions of sections 408.400 to 408.415, the provisions of chapter 400, RSMo 1969, shall be applicable to any consumer credit transaction. ­­-------- (L. 1974 H.B. 1047, et al. § 4)
MO Rev Stat § 408.455 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.455 - Variable rate agreements subject to certain provisions.

Effective - 28 Aug 2003   408.455. Variable rate agreements subject to certain provisions. — All contracts or agreements originally subject to sections 408.450 to 408.470, existing on August 28, 2003, shall remain subject to the provisions of sections 408.140, 408.150, 408.160 and 408.550 to 408.562, even if the contract or agreement is converted into another form of credit. ­­-------- (L. 1984 H.B. 1170, A.L. 2003 H.B. 221 merged with S.B. 346)
MO Rev Stat § 408.506 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.506 - Report to the general assembly, contents.

Effective - 28 Aug 2002   408.506. Report to the general assembly, contents. — The division of finance shall report to the general assembly beginning on January 1, 2003, and on the first day of January every other year thereafter, the number of licenses issued by the director pursuant to section 408.500, the number of loans issued by said lenders, the average face value of such loans, the average number of times said loans are renewed, the number of said loans that are defaulted on an annual basis, and the number and nature of complaints made to the director by customers on such licensees and the disposition of such complaints. Such report shall also include the average interest and fees charged and collected by lenders on such loans, and a comparison of such with similar small loan lenders from adjoining states. ­­-------- (L. 2002 S.B. 884)
MO Rev Stat § 408.510 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.510 - Licensure of consumer installment lenders — interest and fees allowed.

Effective - 28 Aug 2002   408.510. Licensure of consumer installment lenders — interest and fees allowed. — Notwithstanding any other law to the contrary, the phrase "consumer installment loans" means secured or unsecured loans of any amount and payable in not less than four substantially equal installments over a period of not less than one hundred twenty days. The phrase "consumer installment lender" means a person licensed to make consumer installment loans. A consumer installment lender shall be licensed in the same manner and upon the same terms as a lender making consumer credit loans. Such consumer installment lenders shall contract for and receive interest and fees in accordance with sections 408.100, 408.140, and 408.170. Consumer installment lenders shall be subject to the provisions of sections 408.551 to 408.562. ­­-------- (L. 2001 S.B. 186, A.L. 2002 S.B. 895)
MO Rev Stat § 408.550 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.550 - Discrimination prohibited — damages recoverable.

Effective - 28 Aug 1979   408.550. Discrimination prohibited — damages recoverable. — 1. No person, upon proper application, shall be denied credit under the provisions of sections 408.015 to 408.562 on the basis of sex, marital status, age, race or religion. Any action which complies with the provisions of the Equal Credit Opportunity Act, Public Law 93-495 (15 U.S.C. 1691 et seq.), and rules and regulations promulgated thereto shall be deemed to be in compliance with this section. Any borrower discriminated against on any of these prohibited bases may recover five hundred dollars or actual damages, whichever is greater, court costs and attorney's fees.  2. No person shall be denied credit under the provisions of sections 408.015 to 408.562 because of any exercise of his rights under law. ­­-------- (L. 1979 S.B. 305)
MO Rev Stat § 408.551 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.551 - Applicability of sections 408.551 to 408.562 — credit transaction defined.

Effective - 28 Aug 1998   408.551. Applicability of sections 408.551 to 408.562 — credit transaction defined. — Sections 408.551 to 408.562 shall apply to any credit transaction made primarily for personal, family or household purposes pursuant to sections 365.010 to 365.160 and sections 408.100 to 408.370. For the purposes of this section, unless the context requires otherwise, "credit transaction" shall mean any retail installment transaction as defined by section 365.020 or any loan subject to section 408.100 or any second mortgage loan as defined by section 408.231 or any retail time transaction as defined in section 408.250. ­­-------- (L. 1979 S.B. 305, A.L. 1984 H.B. 1170, A.L. 1998 S.B. 792)
MO Rev Stat § 408.552 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.552 - Enforceability of default provisions.

Effective - 28 Aug 1979   408.552. Enforceability of default provisions. — An agreement of the parties to a credit transaction concerning default by the borrower is enforceable only to the extent that:  (1) The borrower fails to make a payment as required by agreement; or  (2) The lender's prospect of payment, performance, or ability to realize upon the collateral is significantly impaired; the burden of establishing significant impairment is on the lender. ­­-------- (L. 1979 S.B. 305)
MO Rev Stat § 408.553 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.553 - Recovery limitation.

Effective - 28 Aug 2021, 2 histories   408.553. Recovery limitation. — Upon default the lender shall be entitled to recover the amount due and accrued under the agreement, including interest and penalties through the date of payment in full or to the date of a final judgment. Following a judgment, the lender may additionally recover the simple interest equivalent of the rate provided in the contract as applied to the amount of the judgment until the date the judgment is paid and satisfied. ­­-------- (L. 1979 S.B. 305, A.L. 2021 S.B. 106)
MO Rev Stat § 408.554 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.554 - Notice of default, contents, form, delivery.

Effective - 28 Aug 2021, 2 histories   408.554. Notice of default, contents, form, delivery. — 1. After a borrower has been in default for ten days for failure to make a required payment and has not voluntarily surrendered possession of the collateral, a lender may give the borrower and all cosigners on the credit transaction the notice described in this section. A lender gives notice to the borrower and cosigners under this section when he delivers the notice to the borrower or cosigner or mails the notice to him at his last known address.  2. Except as provided in subsection 4 of this section, the notice shall be in writing and conspicuously state: The name, address and telephone number of the lender to whom payment is to be made, a brief identification of the credit transaction, the borrower's right to cure the default, and the amount of payment and date by which payment must be made to cure the default. A notice in substantially the following form complies with this subsection: (name, address, and telephone number of lender) (account number, if any) (brief identification of credit transaction) (amount) is the AMOUNT NOW DUE (date) is the LAST DAY FOR PAYMENT You are late in making your payment(s). If you pay the AMOUNT NOW DUE (above) by the LAST DAY FOR PAYMENT (above), you may continue with the contract as though you were not late. If you do not pay by that date, we may exercise our rights under the law.  3. If the loan transaction is an insurance premium loan, the notice shall conform to the requirements of subsection 2 of this section and a notice in substantially the form specified in that subsection complies with this subsection, except for the following:  (1) In lieu of a brief identification of the loan transaction, the notice shall identify the transaction as an insurance premium loan and each insurance policy or contract that may be cancelled;  (2) In lieu of the statement in the form of notice specified in subsection 2 of this section that the lender may exercise his rights under the law, the statement that each policy or contract identified in the notice may be cancelled; and  (3) The last paragraph of the form of notice specified in subsection 2 of this section shall be omitted.  4. If a credit transaction is secured, the notice described in this section shall further state the following: "If you voluntarily surrender possession of the following specified collateral, you could still owe additional money after the money received from the sale of the collateral is deducted from the total amount you owe.". ­­-------- (L. 1979 S.B. 305, A.L. 1992 S.B. 705, A.L. 2021 S.B. 106)
MO Rev Stat § 408.556 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.556 - Actions arising from default, contents of petition — default judgment requires sworn testimony — recovery of unpaid balances.

Effective - 28 Aug 2002   408.556. Actions arising from default, contents of petition — default judgment requires sworn testimony — recovery of unpaid balances. — 1. In any action brought by a lender against a borrower arising from default, the petition shall allege the facts of the borrower's default, facts sufficient to show compliance with the provisions of sections 400.9-601 to 400.9-629, which provisions are hereby deemed applicable to all credit transactions, with respect to any sale or other disposition of collateral for the credit transaction, the amount to which the lender is entitled, and an indication of how that amount was determined.  2. A default judgment may not be entered in the action in favor of the lender unless the petition is verified by the lender, or sworn testimony, by affidavit or otherwise, is adduced showing that the lender is entitled to the relief demanded.  3. If a lender takes possession or voluntarily accepts surrender of goods in which the lender has a purchase money security interest to secure a credit transaction in the principal amount of less than five hundred dollars, the borrower is not liable to the lender for the unpaid balance.  4. Following any disposition of collateral pursuant to the provisions of sections 400.9-601 to 400.9-629, the lender shall be entitled to recover from the borrower the deficiency, if any, only if the amount financed in the transaction was more than five hundred dollars and the amount remaining unpaid at the time of default is three hundred dollars or more. ­­-------- (L. 1979 S.B. 305, A.L. 1983 S.B. 70, A.L. 2002 S.B. 895)
MO Rev Stat § 408.557 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.557 - Notice required before deficiency action may be commenced.

Effective - 28 Aug 2002   408.557. Notice required before deficiency action may be commenced. — When a lender sells or otherwise disposes of collateral in a transaction in which an action for a deficiency may be commenced against the borrower, prior to bringing any such action or upon written request of the borrower, the lender shall give the borrower the notice provided in section 400.9-614 for consumer goods transactions or section 400.9-613 for all other transactions that are not consumer goods transactions. ­­-------- (L. 1979 S.B. 305, A.L. 2002 S.B. 895)
MO Rev Stat § 408.558 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.558 - Security interests not to be taken, when.

Effective - 28 Aug 1979   408.558. Security interests not to be taken, when. — 1. No security interest, other than a purchase money security interest, may be taken or acquired in household furnishings, appliances, or clothing of the borrower or his dependents as security for a loan if the amount financed is less than five hundred dollars.  2. No security interest may be taken or acquired in goods as security for a credit transaction in the principal amount of less than one hundred fifty dollars. ­­-------- (L. 1979 S.B. 305)
MO Rev Stat § 408.560 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.560 - Unenforceable provisions in note or credit contract.

Effective - 28 Aug 1979   408.560. Unenforceable provisions in note or credit contract. — The following provisions when contained in any note or credit contract or the contract of any guarantor of a credit transaction shall be void and unenforceable:  (1) A power of attorney to confess judgment;  (2) An assignment of wages;  (3) A waiver or limitation of any exemption given by law to the borrower exempting the borrower's property from attachment or execution, except insofar as the waiver or limitation applies to property in which the lender has been granted a security interest to secure the credit transaction;  (4) A security interest in consumer goods which are identified only as a general class of goods, such as "household goods" or "furniture"; and  (5) A waiver of any right of action against the lender or his assignee or other person acting on behalf of the lender in the collection of payments under the contract or in the repossession of goods. ­­-------- (L. 1979 S.B. 305)
MO Rev Stat § 408.562 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.562 - Damages recoverable for violation.

Effective - 28 Aug 1979   408.562. Damages recoverable for violation. — In addition to any other civil remedies or penalties provided for by law, any person who suffers any loss of money or property as a result of any act, method or practice in violation of the provisions of sections 408.100 to 408.561 may bring an action in the circuit court of the county in which any of the defendants reside, in which the plaintiff resides, or in which the transaction complained of occurred to recover actual damages. The court may, in its discretion, award punitive damages and may award to the prevailing party in such action attorney's fees, based on the amount of time reasonably expended, and may provide such equitable relief as it deems necessary and proper. ­­-------- (L. 1979 S.B. 305)
MO Rev Stat § 408.570 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.570 - Definitions.

Effective - 28 Aug 2008   408.570. Definitions. — Unless otherwise clearly indicated by the context, the following words and terms as used in sections 408.570 to 408.600 shall mean:  (1) "Department", the Missouri department of commerce and insurance;  (2) "Director", the director of the department of commerce and insurance;  (3) "Division director", the appropriate director of the division of finance or the division of credit unions of the department of commerce and insurance;  (4) "Financial institution", a bank, savings and loan association, credit union, consumer credit lender, mortgage banker, or any other association or institution which:  (a) Operates a place of business in Missouri; and  (b) As part of its business, makes residential real estate loans;  (5) "Residential real estate", any real estate used or intended to be used as a residence by not more than four families;  (6) "Residential real estate loan", a loan made for the acquisition, construction, repair, rehabilitation or remodeling of residential real estate or any loan secured by residential real estate. The term shall include any loan made to refinance or prepay in full or in part any such loan;  (7) "State financial institution", any financial institution other than a national banking association, a federal savings and loan association, and a federal credit union;  (8) "Type" of residential real estate loan, conventional loans, construction loans, loans insured by the Federal Housing Administration, loans guaranteed by the Veterans Administration, home improvement loans. ­­-------- (L. 1979 S.B. 305, A.L. 1994 H.B. 1165, A.L. 2008 S.B. 788)
MO Rev Stat § 408.575 (2021)
2021 Missouri Revised Statutes|Title XXVI - Trade and Commerce|Chapter 408 - Legal Tender and Interest|Section 408.575 - Denial of loans prohibited, when, reasons for.

Effective - 01 Jan 1980   408.575. Denial of loans prohibited, when, reasons for. — It shall be unlawful for any financial institution, or any subsidiary or agent thereof, to deny a residential real estate loan to a person because of any of the following factors or to discriminate against any applicant for a residential real estate loan with respect to any aspect of the loan transaction because of any of the following factors:  (1) The race, color, religion, national origin, handicap, age, marital status, or sex, of the applicant or the race, religion or national origin of persons living in the vicinity of the residential real estate;  (2) The specific geographic location of the residential real estate in such financial institution's local community as defined by it pursuant to the Community Reinvestment Act (12 U.S.C. 2901 et seq.) and the rules and regulations promulgated thereunder. Any state financial institution not regulated by the Community Reinvestment Act shall, subject to the approval of the appropriate division director, delineate its local community for the purposes of this section and shall make such delineation available to the public upon request at each office where the financial institution accepts applications for residential real estate loans;  (3) The age of the residential real estate or the age of structures in the immediate vicinity of the residential real estate. ­­-------- (L. 1979 S.B. 305)  Effective 1-01-80