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Missouri Business Legal Questions

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51 legal [2, *]questions have been posted about business law by real users in Missouri. Ask your question and dive into the knowledge of attorneys who handle your issue regularly. Similar topics to explore also include business formation, business litigation, and business planning. All topics and other states can be accessed in the dropdowns below.
Missouri Business Questions & Legal Answers - Page 3
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Recent Legal Answers

Can a loan show a finance amount of one amount but only cut a check for a smaller amount?

Answered 14 years and 10 months ago by attorney Hilary B. Miller   |   1 Answer   |  Legal Topics: Business
Hilary B. Miller
It depends. It is certainly lawful for a broker or finder to charge a fee for arranging credit, although a $900 fee for arranging $2,000 in credit might be found by a court to be unconscionable. There is also a possibility of a violation of the Truth in Lending Act, a federal law which requires the disclosure of all costs of credit. If the "guy" was really the lender in this transaction, the cost of credit may not be properly disclosed and you may have the right to rescind the transaction. If you are dissatisfied with the transaction, you should go back to the "guy" and tell him that you would like to rescind the transaction. You can consult a local attorney if he refuses.  ... Read Answer
It depends. It is certainly lawful for a broker or finder to charge a fee for arranging credit, although a $900 fee for arranging $2,000 in credit... Read Answer

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