Missouri Revised Statutes
Chapter 367 - Pawnbrokers and Small Loans
Section 367.525 - Notice to borrower prior to acceptance of title loan application.

Effective - 28 Aug 2001
367.525. Notice to borrower prior to acceptance of title loan application. — 1. Before accepting a title loan application, the lender shall provide the borrower the following notice in at least ten-point bold type and receipt thereof shall be acknowledged by signature of the borrower:
2. If the loan is secured by titled personal property other than an automobile, the lender shall either provide a form with the proper word describing the security or else shall strike the word "automobile" from the three places it appears, write or print in the type of titled personal property serving as security and have the customer initial all three places.
3. The title lender shall post in a conspicuous location in each licensed office, in at least fourteen-point bold type the maximum rates that such title lender is currently charging on any loans made and the statement:
NOTICE:
Borrowing from this lender places your automobile at risk. If this loan is not repaid in full, including all finance charges, you may lose your automobile.
This lender offers short-term loans. Please read and understand the terms of the loan agreement before signing.
4. When making or negotiating loans, the title lender shall take into consideration in determining the size and duration of a loan contract the financial ability of the borrower to reasonably repay the loan in the time and manner specified in the loan contract.
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(L. 2001 H.B. 738 merged with S.B. 186)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXIV - Business and Financial Institutions

Chapter 367 - Pawnbrokers and Small Loans

Section 367.011 - Definitions.

Section 367.021 - Secured personal credit loans — who may make — interest rate.

Section 367.031 - Receipt for pledged property — contents — definitions — third-party charge for database — access to database information, limitations — error in data, procedure — loss of pawn ticket, effect.

Section 367.040 - Loans due, when — return of collateral, when — restrictions.

Section 367.043 - License required — qualifications — oath — bond — accounting — location within one-half mile of excursion gambling boat or facility, prohibited, when.

Section 367.044 - Definitions — pledged goods for money, pawnbroker entitled only to goods pledged, exception, misappropriated goods — procedure to recover.

Section 367.045 - Customer failure to repay pawnbroker when notified that goods pledged or sold were misappropriated, penalty.

Section 367.046 - Procedure to reclaim purchase price of misappropriated goods.

Section 367.047 - Hold order in effect, pawnbroker may release property to peace officer, not waiver of property rights — sale of property under hold order prohibited.

Section 367.048 - Criminal charges filed and disposition of case, notice to pawnbroker, duty of prosecutor or circuit attorney — release of hold order, procedure.

Section 367.049 - No criminal or civil liability for pawnbroker exercising due care and good faith.

Section 367.050 - Violation, penalties.

Section 367.051 - Jurisdiction of state courts for all civil actions — nonresident to appoint secretary of state as agent for service.

Section 367.052 - Leased property, rental or installment contracts not misappropriated unless marked — defacing marks, effect — claimant may recover — pawnbroker not liable.

Section 367.053 - Titles, licenses and permits for pledged goods to remain in effect, void when — ownership passing to pawnbroker, right to retitle or relicense.

Section 367.055 - Inspection of property, search warrant required — hold order, probable cause, contents, expiration — confidentiality.

Section 367.060 - Sections 367.011 to 367.060 not to repeal or amend small loan laws.

Section 367.100 - Definitions.

Section 367.110 - Certificate of registration required, when.

Section 367.120 - Certificate of registration — application for.

Section 367.130 - Bond — amount — conditions — additional bond, when.

Section 367.140 - Annual registration — fee, amount — certificates, issuance, display.

Section 367.160 - Examination of lenders — authority of director — lender to pay costs, when.

Section 367.170 - Regulations — authority of director — insurance — premiums deemed not to be charges.

Section 367.180 - Lender to keep records.

Section 367.185 - Loan solicitation, disclosures.

Section 367.190 - Certificates of registration — suspension, revocation, when — hearing — review.

Section 367.200 - Violations — penalty.

Section 367.205 - Annual audit by certified public accountant required.

Section 367.210 - Audit report to director of finance, when.

Section 367.215 - Failure to file audit report, effect of — surety bond posted, when.

Section 367.300 - Definitions.

Section 367.305 - Advance fee prohibited, penalty.

Section 367.307 - Principal liable.

Section 367.310 - Violations deemed unlawful practice, penalty — attorney general, powers — penalties not exclusive — other rights not affected.

Section 367.500 - Definitions.

Section 367.503 - Allows division of finance to regulate lending on titled property.

Section 367.506 - Licensure of title lenders, penalty.

Section 367.509 - Qualifications of applicants, fee, license issued, when.

Section 367.512 - Title loan requirements — liability of borrower.

Section 367.515 - Interest and fees.

Section 367.518 - Title loan agreements, contents, form.

Section 367.521 - Redemption of certificate of title — expiration or default, lender may proceed against collateral.

Section 367.524 - Records of loan agreements.

Section 367.525 - Notice to borrower prior to acceptance of title loan application.

Section 367.527 - Limitations of title lenders.

Section 367.530 - Safekeeping of certificates of title — liability insurance maintained, when — liability of title lender.

Section 367.531 - Applicability to certain transactions.

Section 367.532 - Violations, penalties.

Section 367.533 - Pawn or pawnbroker title prohibited.