Summary of the Introduced Bill

HB 540 -- Lending Institution Services

Sponsor:  Jones (89)

This bill allows lending institutions to sell deficiency waiver
addendums, guaranteed asset protections, or similar products
purchased as part of a loan transaction with collateral at the
borrower's option if the cost of the product is disclosed in the
loan contract.

Copyright (c) Missouri House of Representatives


Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am