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SB 125 - This act modifies the law relating to title loans. This act specifies that the title loan laws apply to those who should be licensed as title lenders including those selling disguised title loans and those engaged in subterfuge for the purposes of evading title lender regulations. This act caps the duration of a title loan agreement at 45 days. Persons shall not use the terms "title loans", "title lending", or other designations indicating the person is a title lender. Those in violation of the title lending laws are also guilty of an unlawful merchandising practice under Chapter 407, RSMo. CHRIS HOGERTY
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