{"data":{"id":"us-mo/mo.-rev.-stat.-407.2030","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 407.2030","heading":"Definitions.","body":"For purposes of sections 407.2030 to 407.2055, the following terms mean:\n(1) \"Administrator\" , any person, other than an insurer or creditor, who performs administrative or operational functions for debt waiver programs;\n(2) \"Borrower\" , a debtor or retail buyer or lessee under a finance agreement;\n(3) \"Creditor\" :\n(a) The lender in a loan or credit transaction;\n(b) The lessor in a lease transaction;\n(c) Any retail seller of motor vehicles;\n(d) The seller in commercial retail installment transactions; or\n(e) The assignee of any person described in paragraphs (a) to (d) of this subdivision to whom the credit obligation is payable;\n(4) \"Debt waiver\" , any guaranteed asset protection waiver or excess wear and use waiver;\n(5) \"Excess wear and use waiver\" , a contractual agreement in which a creditor agrees, with or without a separate charge, to cancel or waive all or part of amounts that may become due under a borrower's lease agreement as a result of excessive wear and use of a motor vehicle, which agreement shall be part of, or a separate addendum to, the lease agreement. Excess wear and use waivers may also cancel or waive amounts due for excess mileage;\n(6) \"Guaranteed asset protection waiver\" , a contractual agreement in which a creditor agrees, with or without a separate charge, to cancel or waive all or part of amounts due on a borrower's finance agreement in the event of a total physical damage loss or unrecovered theft of the motor vehicle, which agreement shall be part of, or a separate addendum to, the finance agreement. A guaranteed asset protection waiver may also provide, with or without a separate charge, a benefit that waives an amount, or provides a borrower with a credit, toward the purchase of a replacement motor vehicle.","path":["Title XXVI - TRADE AND COMMERCE","Chapter 407 - Merchandising Practices"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=407.2030","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:28Z","sha256":"0e39ab751e781d2706da9c374d97e8a8b733910c83bb1ffc1dfb0d5ef90af16f","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-407.2025","next":"us-mo/mo.-rev.-stat.-407.2035"},"notice":"GroundRules: Original legal text. Not legal advice."}