Home/Missouri/Statutes/Title XXVI: TRADE AND COMMERCE/Ch. 408: Legal Tender and Interest/§ 408.193
Missouri Statutes

§ 408.193 — Credit cards, no derogatory reports to credit agencies for carrying a zero balance.

Missouri § 408.193
JurisdictionMissouri
Title XXVITRADE AND COMMERCE
Ch. 408Legal Tender and Interest

This text of Missouri § 408.193 (Credit cards, no derogatory reports to credit agencies for carrying a zero balance.) 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. § 408.193 (2026).

Text

1.For the purposes of this section, the term "credit card" shall mean a credit device defined as such in the federal Consumer Credit Protection Act.
2.Any entity that issues credit cards in this state, delivers credit cards in this state or causes credit cards to be delivered in this state shall not make any derogatory report to a credit reporting agency on any credit card holder solely because such credit card holder has paid the entire outstanding balance on such credit card by the payment date.
3.Nothing herein shall authorize or prohibit an entity from suspending credit card privileges or recalling the issued credit card for any purpose.

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Legislative History

(L. 1998 S.B. 852 & 913 § 1) Effective 1-01-99

Nearby Sections

15
§ 408.010
Constitutional money act — electronic specie currency accepted as legal tender — rules — payment and compensation by, requirements — definitions.
§ 408.015
Definitions.
§ 408.020
When no rate of interest is agreed upon, nine percent allowed as legal interest.
§ 408.030
Interest, maximum rate allowed — penalty for overcharge, limitation on action for — "market rate" to be determined, when, how — discounting to financial organizations authorized.
§ 408.031
Fee in lieu of interest may be charged on loan — exception.
§ 408.032
Recording fees.
§ 408.035
Unlimited interest, when allowed.
§ 408.036
Prepayment penalty by lender prohibited, exception — maximum permitted, exceptions — return of moneys above maximum permitted.
§ 408.040
Interest on judgments, how regulated — prejudgment interest allowed when, procedure.
§ 408.050
Excess interest paid recoverable with costs and attorney fee.
§ 408.052
Points prohibited, exception — penalties for illegal points — violation a misdemeanor — default charge authorized, when, exceptions.
§ 408.060
Defendant may plead usury — judgment, how rendered — corporations cannot enter plea of usury.
§ 408.070
Usurious interest — security agreement invalid.
§ 408.080
Interest may be paid on interest — compounding limited to once a month — prohibited for certain loans.
§ 408.081
Validity of certain existing contract not to be affected, when.
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Bluebook (online)
Missouri § 408.193, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/408/408.193.