408.551. Applicability of sections 408.551 to 408.562--credit transaction defined. - Missouri Statutes

Applicability of sections 408.551 to 408.562--credit transactiondefined.

408.551. Sections 408.551 to 408.562 shall apply to any credittransaction made primarily for personal, family or household purposespursuant to sections 365.010 to 365.160, RSMo, and sections 408.100 to408.370. For the purposes of this section, unless the context requiresotherwise, "credit transaction" shall mean any retail installmenttransaction as defined by section 365.020, RSMo, or any loan subject tosection 408.100 or any second mortgage loan as defined by section 408.231or 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)