Missouri § 369.249 - Director may regulate lending practices.
Full text of Missouri Revised Statutes of Missouri § 369.249 — Director may regulate lending practices., with citation guidance and answers to common questions.
§ 369.249. Director may regulate lending practices.
The director of the division of finance may from time to time establish such rules and regulations in respect to loans as may be reasonably necessary to assure that such loans are in keeping with sound lending practices and promote the purposes of sections 369.010 to 369.369, and the director may include therein provisions concerning appraisals, payments and terms of security instruments. Any note or security instrument may provide for advances for taxes, insurance premiums and other charges, which may be commingled with other funds of the association, and the extent, if any, to which interest is to be paid thereon.
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(L. 1971 S.B. 3 § 49, A.L. 1994 H.B. 1165)
Effective 7-06-94
---- end of effective 06 Jul 1994 ----
Frequently Asked Questions About Missouri § 369.249
What does Revised Statutes of Missouri § 369.249 cover?
Section 369.249 ("Director may regulate lending practices.") 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 § 369.249?
A common citation format is "Revised Statutes of Missouri § 369.249" (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 § 369.249 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.