Current with changes from the 2024 Legislative Session
Section 436.558 - Predetermined payment to company, amount - limitation on length of contract term1. The contracted amount to be paid to the consumer legal funding company shall be set as a predetermined amount based upon intervals of time from the funding date to the resolution date and shall not be determined as a percentage of the recovery from the legal claim.2. No consumer legal funding contract shall be valid if its terms exceed a period of forty-eight months. No consumer legal funding contract shall be automatically renewed.Added by 2023 Mo. Laws, SB 103,s A, eff. 8/28/2023.