Mo. Rev. Stat. § 408.557
Notice required before deficiency action may be commenced
Missouri · Revised Statutes of Missouri Chapter 408 — Legal Tender and Interest · Status: effective · Effective 2002-08-28
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- Citation
- Mo. Rev. Stat. § 408.557, Notice required before deficiency action may be commenced, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815893
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Full text
When a lender sells or otherwise disposes of collateral in a transaction in which an action for a deficiency may be commenced against the borrower, prior to bringing any such action or upon written request of the borrower, the lender shall give the borrower the notice provided in section 400.9-614 for consumer goods transactions or section 400.9-613 for all other transactions that are not consumer goods transactions.