Regulatory Clarity in Missouri: Premium Finance Loans and the CFDL
- Author
- Womble Bond Dickinson
- Published
- Thu 24 Jul 2025
- Episode Link
- None
Last year, Missouri joined a growing number of states introducing CFDL legislation. These laws aim to bring consumer-style transparency to certain commercial loans, requiring lenders to disclose terms like APR, fees, and repayment schedules. But there was a wrinkle—insurance premium finance loans were left in a gray area.
Although the Senate version of the bill proposed a specific exemption for these loans, that language didn’t make it into the final omnibus bill signed into law. The result? Ambiguity for lenders and borrowers alike.
Read the full article: Insurance Premium Finance Exemption Enacted — Missouri Commercial Finance Disclosure Law
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