Statutes, codes, and regulations
Missouri Administrative Code
Title 4 - Department of Economic DevelopmentDivision 140 - Division of Finance
Chapter 8 - General Usury Rate
Section 4 CSR 140-8.580 - General Usury Rate (January 1 through March 31, 1994)

Mo. Code Regs. tit. 4 § 140-8.580

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Current through Register Vol. 49, No. 23, December 2, 2024
Section 4 CSR 140-8.580 - General Usury Rate (January 1 through March 31, 1994)

4 CSR 140-8.580

Emergency rule filed Dec. 15, 1993, effective Jan. 1, 1994, expired March 31, 1994.

The market rate for interest was 9.3%.

State ex rel. Crist v. Nationwide Financial Corp., 588 SW2d8 (Mo. App. 1979). "Real estate loans, " excepted from usury limitations, are those loans whose purpose is the purchase of nonresidential or nonagricultural real estate, and not simply a loan secured by real estate. Also, the commissioner of finance has standing to bring suit as a private realtor to prevent violation of a law which he is entrusted to enforce.