Section 50 Required Allegations of Deficiency Petition

• Library: Motor Vehicle 2011

Section 408.556.1, RSMo Supp. 2010, requires that, in an action brought by a lender for a deficiency, the petition must allege “the facts of the borrower’s default, facts sufficient to show compliance with the provisions of sections 400.9-601 to 400.9-629, RSMo, . . . the amount to which the lender is entitled, and an indication of how that amount was...