Missouri § 408.235 Director may examine certain lenders.

Missouri Statutes

§ 408.235 — Director may examine certain lenders.

Missouri § 408.235

Title XXVITRADE AND COMMERCE

Ch. 408Legal Tender and Interest

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Bluebook

Mo. Rev. Stat. § 408.235 (2026).

Text

The director of the division of finance shall have full power and authority at any time and as often as reasonably necessary to investigate and examine the books, records, and papers of any lender making second mortgage loans pursuant to this act * , and may compel the production of all relevant books, records, accounts, and documents with respect to loans made under sections 408.231 to 408.241 .  Provided, however, this section shall not apply to those corporations whose powers emanate from the laws of the United States and those which are subject to the divisions of credit unions and finance.

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The director of the division of finance shall have full power and authority at any time and as often as reasonably necessary to investigate and examine the books, records, and papers of any lender making second mortgage loans pursuant to this act * , and may compel the production of all relevant books, records, accounts, and documents with respect to loans made under sections 408.231 to 408.241 . Provided, however, this section shall not apply to those corporations whose powers emanate from the laws of the United States and those which are subject to the divisions of credit unions and finance.

Legislative History

(L. 1979 S.B. 305, A.L. 1994 H.B. 1312 merged with S.B. 718) *"This act" (H.B. 1312, 1994, and S.B. 718, 1994) contained numerous sections. Consult Disposition of Sections table for a definitive listing.