Missouri Laws 436.558 – Predetermined payment to company, amount — limitation on length of contract ..
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1. The contracted amount to be paid to the consumer legal funding company shall be set as a predetermined amount based upon intervals of time from the funding date to the resolution date and shall not be determined as a percentage of the recovery from the legal claim.
2. No consumer legal funding contract shall be valid if its terms exceed a period of forty-eight months. No consumer legal funding contract shall be automatically renewed.
Terms Used In Missouri Laws 436.558
- Contract: A legal written agreement that becomes binding when signed.