Car Title Loans Quiz

2. What is the maximum amount of money car title lenders can make loans for?

a. INCORRECT

Car title lenders can make loans of up to $5,000 in the state of Missouri.

Reference: Missouri Division of Finance Web site (n.d.). Chapter 367, Pawnbrokers and Small Loans. http://www.moga.mo.gov/STATUTES/C362.HTM.