Regulatory Clarity in Missouri: Premium Finance Loans and the CFDL

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 LawAbout the authorsJoel L. Perrell Jr.Eryn Brasovan