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HB 1789 -- NONRECOURSE CONSUMER LEGAL LENDING ACT SPONSOR Haahr This bill establishes the Missouri Nonrecourse Consumer Legal Lending Act. Fees may compound semi-annually and must be computed based on the loan amount actually received 9 Prohibits any practicing attorneys in this state from having a direct interest in a consumer legal lending company that engages in nonrecourse consumer legal lending transactions with their own clients or from receiving referral fees certain practices as...
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HB 1789 -- nonrecourse is a specific tax form used for reporting nonrecourse debts.
Taxpayers who have nonrecourse debts are required to file HB 1789.
HB 1789 -- nonrecourse can be filled out by providing information on the nonrecourse debts held by the taxpayer.
The purpose of HB 1789 -- nonrecourse is to report nonrecourse debts for tax purposes.
Information such as the amount of nonrecourse debts and the interest paid on them must be reported on HB 1789.
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