Hi everyone, I am just trying to understand what I am reading about the MO pdl laws. pollyandsay has helped me & I have done a little research on my own. I just want to know if I am understanding this correctly ok? So here goes...
Missouri loans
* Licenses granted in 2004: 1,198
* Rate: Loan and renewals not allowed to earn more interest than 75 percent of original principal
* Maximum loan: $500
* Rollovers: Limited to six
* Average number of rollovers: 2.2
So, I have a pdl for $500 does that mean i should not be paying more than $375 in fees for that 1 loan?


