Missouri State AutoTitle Loan Regulation

States that permit car-title lending as of December 2012

State:

Status:

Citation:

Max Loan:

Cost Limits:

NSF/Fees:

Term Limits:

Cost $500:

Sale/LeaseBack?:

Repo Terms:

Right to Cure:

Surplus/Deficiency:

Prohibited Practices:

Title Required:

Missouri

Permit

Title Loans Law (Mo. Rev. Stat. §367.500-367.533) 

$5,000



$25 NSF, orig. fees

Not less than 30 days, on 3rd renewal pay down 10% of loan 

No cap



Repo

20 days after notice of right to cure

Can pursue deficiency balance, must pay surplus 

No waiver of rights, make loan without clear title. Cannot use "pawn" or "pawnbroker" terms 

Yes