408.557. Notice required before deficiency action may be commenced. - Missouri Statutes

Notice required before deficiency action may be commenced.

408.557. When a lender sells or otherwise disposes of collateral in atransaction in which an action for a deficiency may be commenced against theborrower, prior to bringing any such action or upon written request of theborrower, the lender shall give the borrower the notice provided in section400.9-614, RSMo, for consumer goods transactions or section 400.9-613, RSMo,for all other transactions that are not consumer goods transactions.

(L. 1979 S.B. 305, A.L. 2002 S.B. 895)