# Missouri — State Earned Wage Access (EWA) Regulatory Frameworks — Classification, Fee Caps, and Licensing Requirements

For Missouri, statute citation is Mo. Rev. Stat. § 361.749; effective date is August 28, 2023; product classification is not a loan or other form of credit; not money transmission; licensing requirement is license required from the Missouri Division of Finance; late fees prohibited is yes — provider shall not charge interest for failure to repay outstanding proceeds, recorded from its source on 2026-08-18.

- **state:** Missouri _(verified: appears in the quote below)_
- **statute citation:** Mo. Rev. Stat. § 361.749 _(our reading, not quoted from the source)_
- **effective date:** August 28, 2023
- **product classification:** not a loan or other form of credit; not money transmission _(verified: appears in the quote below)_
- **licensing requirement:** license required from the Missouri Division of Finance
- **late fees prohibited:** yes — provider shall not charge interest for failure to repay outstanding proceeds
- **collection limits:** provider shall not compel repayment through civil suit, third-party collector, or sale to debt buyer; shall not report to consumer credit reporting agency or debt collector

## What the source says

> A loan or other form of credit, and the provider shall not be considered a creditor or a lender; (c) Money transmission, and the provider shall not be considered a money transmitter;

## Source

- https://revisor.mo.gov/main/OneSection.aspx?section=361.749

Last verified: 2026-08-18. Review by: 2027-02-14.
Part of [State Earned Wage Access (EWA) Regulatory Frameworks — Classification, Fee Caps, and Licensing Requirements](https://referencesource.org/state-earned-wage-access-regulations/).