Missouri § 340.345 - Loan repayment to include principal, interest and related expenses — annual limit.
Full text of Missouri Revised Statutes of Missouri § 340.345 — Loan repayment to include principal, interest and related expenses — annual limit., with citation guidance and answers to common questions.
§ 340.345. Loan repayment to include principal, interest and related expenses — annual limit.
1. A loan payment provided for an individual pursuant to a written contract under the large animal veterinary medicine loan repayment program shall consist of payment on behalf of the individual of the principal, interest and related expenses on government and commercial loans received by the individual for tuition, fees, books, laboratory and living expenses incurred by the individual.
2. For each year of obligated services that an individual contracts to serve in an area of defined need, the department may pay up to thirty thousand dollars on behalf of the individual for loans described in subsection 1 of this section.
3. The department may enter into an agreement with the holder of the loans for which repayments are made under the large animal veterinary medicine loan repayment program to establish a schedule for the making of such payments if the establishment of such a schedule would result in reducing the costs to the state.
4. Any qualifying communities providing a portion of a loan repayment shall be considered first for placement.
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(L. 2001 S.B. 462, A.L. 2007 S.B. 320, A.L. 2023 H.B. 202 merged with H.B. 417 merged with S.B. 138)
---- end of effective 28 Aug 2023 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 340.345
What does Revised Statutes of Missouri § 340.345 cover?
Section 340.345 ("Loan repayment to include principal, interest and related expenses — annual limit.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 340.345?
A common citation format is "Revised Statutes of Missouri § 340.345" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 340.345 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.