Missouri § 348.533 Policy for collection and recovery of loans — action authorized to recover amounts due.

Missouri Statutes

§ 348.533 — Policy for collection and recovery of loans — action authorized to recover amounts due.

Missouri § 348.533

Title XXIIICORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Ch. 348Authorities and Corporations for Economic and Technological Development — Small Businesses

This text of Missouri § 348.533 (Policy for collection and recovery of loans — action authorized to recover amounts due.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 348.533 (2026).

Text

The authority, by rule, shall determine the policy of collections and recovery of loans, including the use of private collection agencies.  The authority may institute action to recover any amount due the state in any loan transaction, use private collection agencies, or otherwise carry out the policy of the authority.  The lender making the original loan shall cooperate with the authority in the collection of the loan and shall use its regular collection procedures prior to any action being undertaken by the authority.

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The authority, by rule, shall determine the policy of collections and recovery of loans, including the use of private collection agencies. The authority may institute action to recover any amount due the state in any loan transaction, use private collection agencies, or otherwise carry out the policy of the authority. The lender making the original loan shall cooperate with the authority in the collection of the loan and shall use its regular collection procedures prior to any action being undertaken by the authority.