MCA leads in Missouri.
Missouri requires commercial financing brokers to register with the Division of Finance and post a $10,000 surety bond, in addition to the standard disclosure.
- Disclosure law
- Yes
- Registration
- Yes
- State calling act
- Federal only
The rules.
- Disclosure law
- Commercial Financing Disclosure Law (SB 1359 / SB 753), RSMo 427.300 et seq.
- In force
- Six months after the Division of Finance promulgates rules, or 28 February 2025 if it did not.
- Threshold
- Transactions above $500,000 are exempt
- Must contain
- Total amount financed, disbursement amount, total repayment, total dollar cost, payment amount and frequency, and prepayment terms.
- Annualised rate
- Follows the dollar-cost template rather than mandating an annualised figure.
- Registration
- Brokers facilitating commercial financing transactions in Missouri must register with the Missouri Division of Finance and maintain a $10,000 surety bond. The registration fee is $100 initially and $50 a year to renew.
- Calling
- Federal TCPA plus the Missouri no-call list. No FTSA-style private right of action.
sources disagree on some effective dates, so confirm against the statute
What changes for a broker.
- The surety bond is the distinguishing feature. Registration is a form; a bond is an underwriting process with a third party, and it takes longer than brokers expect.
- At $100 to register and $50 to renew, the fee is not the barrier — the bond and the lead time are.
- The bond exists so a wronged merchant has something to claim against. That is worth understanding before assuming it is a formality.
Questions.
Yes. Commercial Financing Disclosure Law (SB 1359 / SB 753), RSMo 427.300 et seq. Threshold: Transactions above $500,000 are exempt. In force: Six months after the Division of Finance promulgates rules, or 28 February 2025 if it did not. Must contain: Total amount financed, disbursement amount, total repayment, total dollar cost, payment amount and frequency, and prepayment terms.
Brokers facilitating commercial financing transactions in Missouri must register with the Missouri Division of Finance and maintain a $10,000 surety bond. The registration fee is $100 initially and $50 a year to renew.
Federal TCPA plus the Missouri no-call list. No FTSA-style private right of action.
Yes. Every exclusive lead clears the same 8 minimums wherever the merchant is, and exclusive leads can be filtered by state.
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