Missouri § 447.506 Imposition of charges including prepayment penalties on certificates of deposit, requirements — not to affect unclaimed property.

Missouri Statutes

§ 447.506 — Imposition of charges including prepayment penalties on certificates of deposit, requirements — not to affect unclaimed property.

Missouri § 447.506

Title XXIXOWNERSHIP AND CONVEYANCE OF PROPERTY

Ch. 447Lost and Unclaimed Property

This text of Missouri § 447.506 (Imposition of charges including prepayment penalties on certificates of deposit, requirements — not to affect unclaimed property.) 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. § 447.506 (2026).

Text

1.For the purpose of sections 447.500 to 447.595 , a banking organization, business association, or financial organization may impose charges including prepayment penalties on certificates of deposit, on property subject to sections 447.500 to 447.595 that are lawful when collected, provided such organization or association gives prior constructive or actual notice to their customers that such charges may be imposed.

2.Incorrect computations or other bona fide errors that result in recredited charges to a customer's account that are made despite the holder's standard procedures to the contrary do not establish a pattern of custom or usage for charges on unclaimed property.

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1. For the purpose of sections 447.500 to 447.595 , a banking organization, business association, or financial organization may impose charges including prepayment penalties on certificates of deposit, on property subject to sections 447.500 to 447.595 that are lawful when collected, provided such organization or association gives prior constructive or actual notice to their customers that such charges may be imposed.

2. Incorrect computations or other bona fide errors that result in recredited charges to a customer's account that are made despite the holder's standard procedures to the contrary do not establish a pattern of custom or usage for charges on unclaimed property.