Advance fee prohibited, penalty.

Mo. Rev. Stat. § 367.305
in effect
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367.305. Advance fee prohibited, penalty. — 1. No loan broker shall charge, assess, collect or receive an advance fee from a borrower to provide services as a loan broker. 2. The knowing charging, assessment, collection or receipt of an advance fee, in violation of this section, is a class A misdemeanor. (L. 1992 S.B. 705)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=367.305Fetched: 10/17/2026