{"data":{"id":"us-mo/mo.-rev.-stat.-408.130","jurisdiction":"us-mo","citation":"Mo. Rev. Stat. § 408.130","heading":"Borrower to receive statement of contract — contents — prepayment effect — receipts for payments.","body":"1. At the time the loan is made, there shall be delivered to the borrower, or, if there are two or more borrowers, to one of them, a written statement or copy of the loan contract showing in clear and distinct terms:\n(1) The name and address of the lender and of one of the borrowers;\n(2) The date of the loan contract;\n(3) The schedule of installments or description thereof;\n(4) The type of any instrument securing the loan;\n(5) The principal amount of the loan excluding interest;\n(6) The rate or amount of interest as the contract may provide;\n(7) That the borrower may prepay the loan, in whole or in part, at any time, and in case interest has been added to the principal of the loan;\n(8) That the interest is subject to the refund requirements of section 408.170 if the loan is prepaid in full.\n2. A receipt shall be given for the amount of each payment made in currency. Any note paid in full, or a copy thereof, shall be so marked \"paid\" and returned, and any security interest which no longer secures a loan shall be restored, cancelled or released.","path":["Title XXVI - TRADE AND COMMERCE","Chapter 408 - Legal Tender and Interest"],"source_url":"https://revisor.mo.gov/main/OneSection.aspx?section=408.130","current_through":"2026 legislative session (floor)","vintage":"","retrieved_at":"2026-09-03T22:23:28Z","sha256":"5b41a727f52a26a703afba357b9f65efeaf7b4ebedd41da68294dc90c3729043","source_id":"us-mo","stale":false,"prev":"us-mo/mo.-rev.-stat.-408.120","next":"us-mo/mo.-rev.-stat.-408.140"},"notice":"GroundRules: Original legal text. Not legal advice."}