Missouri Financial Disclosure Bill Progresses

HB 2706, the Missouri financial disclosure bill, was voted out of Committee this week. To our satisfaction, the House version of this bill now exempts factoring, but the Senate bill does not. It is expected that this legislation will move by amendment in either the House or Senate on related bills. This bill is one of the least offensive new disclosure laws that, along with UT and VA bills, may help with our efforts to eliminate extremely challenging APR constructs in other pending jurisdictions (eg. CT).  

Link to latest version: https://www.senate.mo.gov/22info/pdf-bill/SCSfromResearch/SB963.pdf