Missouri § 369.264 - Lending association not liable to borrower or others for defective final product, when.
Full text of Missouri Revised Statutes of Missouri § 369.264 — Lending association not liable to borrower or others for defective final product, when., with citation guidance and answers to common questions.
§ 369.264. Lending association not liable to borrower or others for defective final product, when.
An association which makes a loan, the proceeds of which are used or may be used by the borrower to finance the design, manufacture, construction, repair, modification or improvement of real or personal property for sale or lease to others, shall not be held liable to the borrower or to third persons for any loss or damage occasioned by any defect in the real or personal property so designed, manufactured, constructed, repaired, modified or improved, or for any loss or damage resulting from the failure of the borrower to use due care in the design, manufacture, construction, repair, modification or improvement of such real or personal property, unless the association has knowingly been a party to misrepresentations with respect to such real or personal property.
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(L. 1971 S.B. 3 § 52)
---- end of effective 28 Aug 1971 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 369.264
What does Revised Statutes of Missouri § 369.264 cover?
Section 369.264 ("Lending association not liable to borrower or others for defective final product, when.") 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 § 369.264?
A common citation format is "Revised Statutes of Missouri § 369.264" (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 § 369.264 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.