Missouri § 368.060 Refund of interest on loans upon which interest has been paid in advance.

Missouri Statutes

§ 368.060 — Refund of interest on loans upon which interest has been paid in advance.

Missouri § 368.060

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 368Loan and Investment Companies

This text of Missouri § 368.060 (Refund of interest on loans upon which interest has been paid in advance.) 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. § 368.060 (2026).

Text

Whenever a loan upon which interest has been collected in advance, shall be paid in full before maturity thereof, the licensee shall allow or refund to the maker or makers a sum equivalent to interest, at the same rate as charged on the loan, calculated on the total amount of the unpaid installments or any evidence or certificate of indebtedness or investment hypothecated on such loan, anticipated for the period from the date of such payment to the maturity of the last installment so anticipated.

Free access — add to your briefcase to read the full text and ask questions with AI

Whenever a loan upon which interest has been collected in advance, shall be paid in full before maturity thereof, the licensee shall allow or refund to the maker or makers a sum equivalent to interest, at the same rate as charged on the loan, calculated on the total amount of the unpaid installments or any evidence or certificate of indebtedness or investment hypothecated on such loan, anticipated for the period from the date of such payment to the maturity of the last installment so anticipated.