365.030. Sales finance company, license required--exceptions--application--fee.

MISSOURI STATUTES AND CODES

365.030. Sales finance company, license required--exceptions--application--fee.

Sales finance company, licenserequired--exceptions--application--fee.

365.030. 1. No person shall engage in the business of a salesfinance company in this state without a license as provided in thischapter; except, that no bank, trust company, savings and loan association,loan and investment company or registrant under the provisions of sections367.100 to 367.200, RSMo, authorized to do business in this state isrequired to obtain a license under this chapter but shall comply with allof the other provisions of this chapter.

2. The application for the license shall be in writing, under oathand in the form prescribed by the director. The application shall containthe name of the applicant; date of incorporation, if incorporated; theaddress where the business is or is to be conducted and similar informationas to any branch office of the applicant; the name and resident address ofthe owner or partners or, if a corporation or association, of thedirectors, trustees and principal officers, and such other pertinentinformation as the director may require.

3. The license fee for each calendar year or part thereof shall bethe sum of three hundred dollars for each place of business of the licenseein this state. The director may establish a biennial licensing arrangementbut 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 branchand must be conspicuously displayed there. In case the location ischanged, the director shall either endorse the change of location on thelicense or mail the licensee a certificate to that effect, without charge.

5. Upon the filing of the application, and the payment of the fee,the director shall issue a license to the applicant to engage in thebusiness of a sales finance company under and in accordance with theprovisions of this chapter for a period which shall expire the last day ofDecember next following the date of its issuance. The license shall not betransferable or assignable. No licensee shall transact any businessprovided for by this chapter under any other name.