Summary of the Truly Agreed Version of the Bill

SCS SB 243 -- LENDING INSTITUTION SERVICES

(Vetoed by the Governor)

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

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Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am