Missouri HB2423 revises statutory provisions under Division of Finance by creating a new fund for depositing moneys collected and paid from licensing.
Missouri HB2423 revises statutory provisions under Division of Finance by creating a new fund for depositing moneys collected and paid from licensing fees. The bill outlines specific licensing fees for various entities, including earned wage access services providers, consumer legal funding companies, and financing institutions. It details the application process, fees, and conditions for obtaining and maintaining a license. The bill also establishes rules for the collection and use of fees, including their deposit into the newly created Consumer Licensing Fund.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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