Missouri § 368.060 - Refund of interest on loans upon which interest has been paid in advance.
Full text of Missouri Revised Statutes of Missouri § 368.060 — Refund of interest on loans upon which interest has been paid in advance., with citation guidance and answers to common questions.
§ 368.060. Refund of interest on loans upon which interest has been paid in advance.
Whenever a loan upon which interest has been collected in advance, shall be paid in full before maturity thereof, the licensee shall allow or refund to the maker or makers a sum equivalent to interest, at the same rate as charged on the loan, calculated on the total amount of the unpaid installments or any evidence or certificate of indebtedness or investment hypothecated on such loan, anticipated for the period from the date of such payment to the maturity of the last installment so anticipated.
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(L. 1943 p. 502 § 5422a)
---- end of effective 28 Aug 1943 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 368.060
What does Revised Statutes of Missouri § 368.060 cover?
Section 368.060 ("Refund of interest on loans upon which interest has been paid in advance.") 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 § 368.060?
A common citation format is "Revised Statutes of Missouri § 368.060" (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 § 368.060 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.