408.557. Notice required before deficiency action may be commenced.
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/mo/chapter-408/408-557A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
408.557. Notice required before deficiency action may be commenced. — When a lender sells or otherwise disposes of collateral in a transaction in which an action for a deficiency may be commenced against the borrower, prior to bringing any such action or upon written request of the borrower, the lender shall give the borrower the notice provided in section 400.9-614 for consumer goods transactions or section 400.9-613 for all other transactions that are not consumer goods transactions.
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(L. 1979 S.B. 305, A.L. 2002 S.B. 895)