Defrauding secured creditors
If someone has property that they borrowed money against (like a car loan or mortgage), they cannot destroy, hide, move, or mess with that property on purpose to cheat the lender. If the amount still owed is less than $750, it is a misdemeanor. If $750 or more is still owed, it is a felony.
Classifications stated in the statute. Actual outcomes vary.
570.180. secured — . — 1. A person commits the of defrauding secured creditors if he or she destroys, removes, conceals, encumbers, transfers or otherwise deals with property subject to a with the of the security interest.
2. The offense of defrauding secured creditors is a unless the amount remaining to be paid on the secured debt, including interest, is seven hundred fifty dollars or more, in which case defrauding secured creditors is a .
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Source & history notes
(L. 1977 S.B. 60, A.L. 2014 S.B. 491) Effective 1-01-17
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.