General Usury Rate (January 1 through March 31, 1994)

4 CSR 140-8.580 General Usury Rate (January 1 through March 31, 1994) Editor’s Note: The market rate for interest was 9.3%. Emergency rule filed Dec. 15, 1993, effective Jan. 1, 1994, expired March 31, 1994. State ex rel. Crist v. Nationwide Financial Corp., 588 SW2d8 (Mo. App. 1979). “Real estate loans,” excepted from usury limitations, are those loans whose purpose is the purchase of nonresidential or nonagricultural real estate, and not simply a loan secured by real estate. Also, the commissioner of finance has standing to bring suit as a private realtor to prevent violation of a law which he is entrusted to enforce.