Section 49 Notice Under

• Library: Motor Vehicle 2011

Section 408.557, RSMo Supp. 2010, requires a notice conspicuously stating a list of items to be disclosed to the borrower after the collateral has been sold. Because the notice must be given before bringing any action for a deficiency, failure to give the notice is presumably at least an affirmative defense to the deficiency action. But arguably, it is the...