STATE COMMERCIAL FINANCING LAW
Missouri Commercial Financing Law
Commercial Financing Disclosure Law (SB 1359, 2024) · RSMo §427.300
At a glance
Status: Law enacted
Signed: Jul 11, 2024
Effective: Feb 28, 2025
Who it covers: Broad — commercial loans, accounts receivable purchases, open-end credit
Size cap: $500,000 or less
Regulator: MO Division of Finance
Type of rules: Broad coverage · Broker rules · Registration
Key requirements
Split structure: providers must disclose but need not register; brokers must register but need not disclose.
Broker registration requires a $10,000 surety bond and a $100 fee, renewed annually by Jan 31.
Total-cost disclosures (funds provided, disbursed, total payments, total dollar cost, payment terms, prepayment) — no APR.
Providers exempt at five or fewer Missouri transactions per year; deals over $500,000 exempt.
What to watch
The Division of Finance declined to issue implementing regulations, so the statute took effect on the Feb 28, 2025 default date.
Missouri coverage from Funder Intel
Jul 16, 2024 Missouri Commercial Financing Disclosure Law Signed by Governor
Jan 6, 2024 MOBUCKS Meltdown: Missouri's Surging Demand for Business Loans Shuts Down Program in Hours
Compare every state
Open the Commercial Financing Regulation Tracker map to compare all state laws side by side.
Search the Commercial Registration Database (members) to check who is registered.
Other states with laws: California · New York · Utah · Virginia · Georgia · Florida · Connecticut · Kansas · Louisiana · Texas · Vermont · North Dakota
States with pending bills: New Jersey · Illinois · Maryland · North Carolina · Pennsylvania
Last verified October 2026. Compiled and verified by Funder Intel for general industry information. This is not legal advice. Laws change often, so check the statute and a qualified attorney before making compliance decisions.