On January 12, 2015, the Missouri Commercial Receivership Act was introduced to the Missouri Senate as SB 216.
Legislative Updates
| 01.16.2015 |
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| 11.12.2014 |
Missouri recently amended Mo. Rev. Stat. §525.230 to allow for higher fees to be charged by financial institutions in processing garnishment orders. Previously, the statute allowed a financial institution to charge a fee equal to the greater of $8 or 2% of the amount to be garnished, for the trouble and expense of processing the garnishment and paying over any garnished funds to the court. |