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Can you summarize MORS 408.250?
Legal Tender and Interest > Definitions.
Short Summary
This document, specifically sections 408.250 to 408.370 of the Revised Statutes of Missouri, provides definitions for terms used in retail time transactions. It clarifies the meanings of various terms such as cash sale price, credit, creditor, goods, holder, insurance company, motor vehicle, official fees, person, principal balance, retail buyer, retail charge agreement, retail seller, retail time contract, retail time transaction, services, time charge, and time sale price. The document applies to retail sellers, retail buyers, and creditors involved in retail time transactions. It does not mention any exemptions or penalties. Overall, it serves as a reference for understanding the terminology and concepts related to retail time transactions in Missouri.
Whom does it apply to?
This document applies to retail sellers, retail buyers, and creditors involved in retail time transactions
What does it govern?
Sections 408.250 to 408.370 of the Revised Statutes of Missouri govern the definitions and terms used in retail time transactions
What are exemptions?
No exemptions are mentioned in this document
What are the Penalties?
No penalties are mentioned in this document
Jurisdiction
Missouri