408.240. Penalties — actions taken or omitted in reliance on written interpretation by division, effect.
140 words·~1 min read·
/mo/chapter-408/408-240A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
408.240. Penalties — actions taken or omitted in reliance on written interpretation by division, effect. — Any person, firm, or corporation who or which shall violate the provisions of sections 408.100 to 408.241 and any member, officer, director, agent or employee of such person, firm or corporation who shall participate in such violation shall be guilty of a class A misdemeanor, except where such violation occurred either:
(1)As a result of an accidental and bona fide error of computation; or
(2)As a result of any acts done or omitted in reliance on a written interpretation of sections 408.231 to 408.241 by the division of finance. Section 408.095 shall not apply to a loan which complies with sections 408.100 to 408.241 .
--------
(L. 1979 S.B. 305, A.L. 1988 H.B. 1355, A.L. 1994 H.B. 1312 merged with S.B. 718)