Effective - 28 Aug 1997
427.110. Collateral protection act — audit for compliance. — Sections 427.110 to 427.190 may be cited as the "Collateral Protection Act". As a part of their regular audit, state regulators may audit creditors that elect coverage under sections 427.110 to 427.190; when the creditor is primarily regulated by the state, the state agency currently authorized to examine such creditor shall be the exclusive agency permitted to audit such creditor for compliance. When the creditor is chartered by the federal government or any agency thereunder, or is unregulated, the Missouri attorney general may audit such creditor for compliance and shall be the exclusive agency to monitor compliance, except it may delegate such audit power to the division of finance.
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(L. 1997 H.B. 257)
Structure Missouri Revised Statutes
Title XXVII - Debtor-Creditor Relations
Chapter 427 - Creditor Protection
Section 427.011 - Purpose of law — limitation of liability.
Section 427.021 - Definitions.
Section 427.041 - Preemption of field.
Section 427.100 - Bankruptcy of political subdivision, consent to institute action.
Section 427.110 - Collateral protection act — audit for compliance.
Section 427.115 - Definitions.
Section 427.120 - Collateral protection coverage, requirements.
Section 427.125 - Notice of placement of insurance — grace period.
Section 427.130 - Coupon book revision required, when, how.
Section 427.135 - Collateral protection coverage cancelled, when.
Section 427.140 - Unearned premiums to be refunded.
Section 427.145 - Placement of coverage.
Section 427.150 - Liability limitation, notice.
Section 427.155 - No fiduciary relationship intended.
Section 427.160 - Insurance not required.
Section 427.165 - Uniform commercial code not affected by act.
Section 427.170 - Severability — nonimpairment.
Section 427.180 - Insurer may claim protection of act.
Section 427.190 - Statute of limitations.
Section 427.200 - Lease of personal property allowed — writing required.