Section 68 State Usury and Consumer Credit Statutes

LibraryMotor Vehicle 2011

If a purported automobile lease agreement can be shown to be actually a sale agreement, the provisions of Chapter 365, RSMo, the Missouri Motor Vehicle Time Sales Law, may apply. Before this Law was amended in 2004, the provisions would not have applied to most new car sales because of an exclusion of motor vehicles having a cash sale price in excess of $7,500. In 2004, that part of the statute was deleted. Former § 365.020(5), RSMo 2000.

If...

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